https://www.taxtmi.com/caselaws?id=255385 Penalty for duty evasion under Section 11AC was treated as dependent on established concealment and non-disclosure of the escalation clause, escalated bills, and receipt of the higher price; voluntary payment after objection did not remove the liability to penalty. The penal provision, however, was held to operate only from 28-9-1996 and could not be applied retrospectively to any earlier period. Accordingly, penalty was confined to the duty short-paid after commencement of Section 11AC, not to the entire earlier period of short payment. en-us Tue, 15 Apr 2014 00:00:00 +0530 Wed, 14 Jan 2015 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255385 Penalty for duty evasion under Section 11AC was treated as dependent on established concealment and non-disclosure of the escalation clause, escalated bills, and receipt of the higher price; voluntary payment after objection did not remove the liability to penalty. The penal provision, however, was held to operate only from 28-9-1996 and could not be applied retrospectively to any earlier period. Accordingly, penalty was confined to the duty short-paid after commencement of Section 11AC, not to the entire earlier period of short payment. Case-Laws Central Excise Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255385