https://www.taxtmi.com/caselaws?id=255385 The Court partially allowed the appeal in a tax matter under the Central Excise Act, upholding the penalty under Section 11AC for short payment of excise duty. The Court found the appellant liable to pay the penalty equal to the short-paid duty amount for the period following the enactment of the provision in 1996. This decision clarified the retrospective application of penalties under Section 11AC and balanced the interests of both the Assessee and the Department in excise duty cases. 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 The Court partially allowed the appeal in a tax matter under the Central Excise Act, upholding the penalty under Section 11AC for short payment of excise duty. The Court found the appellant liable to pay the penalty equal to the short-paid duty amount for the period following the enactment of the provision in 1996. This decision clarified the retrospective application of penalties under Section 11AC and balanced the interests of both the Assessee and the Department in excise duty cases. Case-Laws Central Excise Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255385