https://www.taxtmi.com/caselaws?id=254311 Section 11AC imposes mandatory penalty where duty is not levied, short-levied, short-paid or erroneously refunded through fraud, collusion, wilful misstatement, suppression of facts, or intentional contravention. Disputes involving interpretation of exemption notifications do not displace that consequence once those conditions apply. Section 11AB permits recovery of interest for periods after it came into force; a later amendment to the interest rate does not affect the provision's existence. Penalty under Rule 173Q operates independently of Section 11AC and does not bar statutory penalty linked to duty determination under Section 11A(2). 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 imposes mandatory penalty where duty is not levied, short-levied, short-paid or erroneously refunded through fraud, collusion, wilful misstatement, suppression of facts, or intentional contravention. Disputes involving interpretation of exemption notifications do not displace that consequence once those conditions apply. Section 11AB permits recovery of interest for periods after it came into force; a later amendment to the interest rate does not affect the provision's existence. Penalty under Rule 173Q operates independently of Section 11AC and does not bar statutory penalty linked to duty determination under Section 11A(2). Case-Laws Central Excise Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254311