https://www.taxtmi.com/caselaws?id=3032 Penalty under section 11-AC of the Central Excise Act is mandatory once the statutory ingredients are satisfied, and authorities have no discretion to reduce or waive it merely because the evaded duty was paid before the show-cause notice. A false or contradictory declaration made to claim depreciation was treated as a misstatement supporting evasion and attracting the penal provision. The penalty consequence is equivalent to the evaded duty, subject only to the statutory option of reduced penalty at 25 per cent if the duty, interest under section 11-AB, and other prescribed conditions are met within time. en-us Fri, 24 Aug 2007 00:00:00 +0530 Wed, 16 Apr 2008 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3032 Penalty under section 11-AC of the Central Excise Act is mandatory once the statutory ingredients are satisfied, and authorities have no discretion to reduce or waive it merely because the evaded duty was paid before the show-cause notice. A false or contradictory declaration made to claim depreciation was treated as a misstatement supporting evasion and attracting the penal provision. The penalty consequence is equivalent to the evaded duty, subject only to the statutory option of reduced penalty at 25 per cent if the duty, interest under section 11-AB, and other prescribed conditions are met within time. Case-Laws Central Excise Fri, 24 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3032