https://www.taxtmi.com/caselaws?id=409259 The appeal challenging the penalty imposed on the appellant under Section 11AC of the Central Excise Act, 1944, was dismissed. The court upheld the penalty, emphasizing the appellant's failure to rectify irregularities pre-audit, prompt payment post-audit, and lack of challenge to the extended audit period. The judgment focused on the appellant's suppression of facts and contraventions, ultimately concluding that the penalty was justified based on non-compliance with CENVAT Credit Rules and Central Excise Rules. Compliance, rectification of irregularities, and truthfulness in declarations were highlighted as crucial in excise matters. en-us Thu, 01 Jul 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409259 The appeal challenging the penalty imposed on the appellant under Section 11AC of the Central Excise Act, 1944, was dismissed. The court upheld the penalty, emphasizing the appellant's failure to rectify irregularities pre-audit, prompt payment post-audit, and lack of challenge to the extended audit period. The judgment focused on the appellant's suppression of facts and contraventions, ultimately concluding that the penalty was justified based on non-compliance with CENVAT Credit Rules and Central Excise Rules. Compliance, rectification of irregularities, and truthfulness in declarations were highlighted as crucial in excise matters. Case-Laws Central Excise Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409259