https://www.taxtmi.com/caselaws?id=377571 Penalty under Section 11AC of the Central Excise Act was held unsustainable where the duty demand arose from interpretational issues, the assessee paid the duty and interest before adjudication, and the record showed no suppression of facts, misstatement, fraud, or intent to evade. Regular filing of returns and computation of demand from worksheets and data supplied by the assessee supported the absence of the statutory conditions for mandatory penalty. On those facts, the penalty was set aside in favour of the assessee. en-us Mon, 25 Mar 2019 00:00:00 +0530 Mon, 01 Apr 2019 07:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377571 Penalty under Section 11AC of the Central Excise Act was held unsustainable where the duty demand arose from interpretational issues, the assessee paid the duty and interest before adjudication, and the record showed no suppression of facts, misstatement, fraud, or intent to evade. Regular filing of returns and computation of demand from worksheets and data supplied by the assessee supported the absence of the statutory conditions for mandatory penalty. On those facts, the penalty was set aside in favour of the assessee. Case-Laws Central Excise Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377571