https://www.taxtmi.com/caselaws?id=330473 Penalty under Section 11AC of the Central Excise Act, 1944 requires suppression of facts, wilful misstatement, or similar culpable conduct with intent to evade duty. Where the assessee files declarations, discloses the revised duty position to the department, and pays the differential duty before adjudication, those ingredients are not established. On that basis, the article states that penalty is not leviable and the related interest consequence linked to such culpable conduct is also not attracted. en-us Thu, 14 Jul 2016 00:00:00 +0530 Thu, 16 Feb 2017 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330473 Penalty under Section 11AC of the Central Excise Act, 1944 requires suppression of facts, wilful misstatement, or similar culpable conduct with intent to evade duty. Where the assessee files declarations, discloses the revised duty position to the department, and pays the differential duty before adjudication, those ingredients are not established. On that basis, the article states that penalty is not leviable and the related interest consequence linked to such culpable conduct is also not attracted. Case-Laws Central Excise Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330473