https://www.taxtmi.com/article/detailed?id=7779 Where facts establish that duty was not levied or was short paid or erroneously refunded by reason of fraud, collusion, willful misstatement, suppression of facts, or contravention of the Act or rules with intent to evade duty, the person liable must pay a penalty equal to the duty so determined; once those conditions are found, the penalty provision is mandatory and does not permit reduction by appellate or quasi judicial bodies. en-us Mon, 18 Dec 2017 08:23:50 +0530 Mon, 18 Dec 2017 08:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7779 Where facts establish that duty was not levied or was short paid or erroneously refunded by reason of fraud, collusion, willful misstatement, suppression of facts, or contravention of the Act or rules with intent to evade duty, the person liable must pay a penalty equal to the duty so determined; once those conditions are found, the penalty provision is mandatory and does not permit reduction by appellate or quasi judicial bodies. Articles Central Excise Mon, 18 Dec 2017 08:23:50 +0530 https://www.taxtmi.com/article/detailed?id=7779