https://www.taxtmi.com/caselaws?id=1505 Suppression of facts and intent to evade duty satisfied the ingredients for penalty under Section 11AC of the Central Excise Act, because the same conduct had already justified the extended limitation period. The Tribunal held that, once these statutory conditions were met, penalty equal to the duty determined followed, and a lesser penalty could be imposed only within the proviso's reduced-penalty mechanism. As the conditions for that concession were not satisfied, the reduced penalty could not stand and the penalty equal to the duty demand was restored. en-us Thu, 21 Jun 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1505 Suppression of facts and intent to evade duty satisfied the ingredients for penalty under Section 11AC of the Central Excise Act, because the same conduct had already justified the extended limitation period. The Tribunal held that, once these statutory conditions were met, penalty equal to the duty determined followed, and a lesser penalty could be imposed only within the proviso's reduced-penalty mechanism. As the conditions for that concession were not satisfied, the reduced penalty could not stand and the penalty equal to the duty demand was restored. Case-Laws Central Excise Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1505