https://www.taxtmi.com/caselaws?id=352323 Penalty under Section 11AC of the Central Excise Act was held not leviable where the dispute arose from interpretative ambiguity over the treatment of trading activity under the Cenvat Credit Rules and the amendment to Rule 2(e). In the absence of established fraud, collusion, suppression of facts, or intent to evade duty, the statutory conditions for the extended penal consequence were not met. The finding that mala fides were not proved was consistent with the record, so the penalty could not stand. en-us Fri, 15 Sep 2017 00:00:00 +0530 Wed, 13 Dec 2017 08:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352323 Penalty under Section 11AC of the Central Excise Act was held not leviable where the dispute arose from interpretative ambiguity over the treatment of trading activity under the Cenvat Credit Rules and the amendment to Rule 2(e). In the absence of established fraud, collusion, suppression of facts, or intent to evade duty, the statutory conditions for the extended penal consequence were not met. The finding that mala fides were not proved was consistent with the record, so the penalty could not stand. Case-Laws Central Excise Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352323