https://www.taxtmi.com/caselaws?id=354651 Penalty under section 11AC of the Central Excise Act was examined in the context of differential duty paid before notice and a demand sustained for the extended period. The text states that the assessee's reliance on absence of mala fides and voluntary payment did not displace the basis for invoking the extended period, and that the criteria for sustaining the demand under the proviso to section 11A and imposing penalty under section 11AC were identical on the facts found. It further notes that no separate ground for waiver existed beyond what the statute permitted, and the statutory benefit linked to timely payment of 25% of the penalty had already been availed. en-us Mon, 13 Nov 2017 00:00:00 +0530 Fri, 02 Feb 2018 09:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354651 Penalty under section 11AC of the Central Excise Act was examined in the context of differential duty paid before notice and a demand sustained for the extended period. The text states that the assessee's reliance on absence of mala fides and voluntary payment did not displace the basis for invoking the extended period, and that the criteria for sustaining the demand under the proviso to section 11A and imposing penalty under section 11AC were identical on the facts found. It further notes that no separate ground for waiver existed beyond what the statute permitted, and the statutory benefit linked to timely payment of 25% of the penalty had already been availed. Case-Laws Central Excise Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354651