https://www.taxtmi.com/caselaws?id=254311 Section 11AC penalty under the Central Excise Act is described as mandatory once duty is short-levied or short-paid by reason of fraud, suppression, wilful misstatement or intent to evade, and the note states that interpretation of exemption notifications does not by itself displace that consequence. It also explains that interest under Section 11AB applies for the period when the charging provision is in force, with later amendments affecting only the rate. Further, penalty under Rule 173Q is treated as distinct from the statutory penalty under Section 11AC, so one does not exclude the other. en-us Thu, 27 Nov 2014 00:00:00 +0530 Tue, 18 Aug 2015 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254311 Section 11AC penalty under the Central Excise Act is described as mandatory once duty is short-levied or short-paid by reason of fraud, suppression, wilful misstatement or intent to evade, and the note states that interpretation of exemption notifications does not by itself displace that consequence. It also explains that interest under Section 11AB applies for the period when the charging provision is in force, with later amendments affecting only the rate. Further, penalty under Rule 173Q is treated as distinct from the statutory penalty under Section 11AC, so one does not exclude the other. Case-Laws Central Excise Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254311