Penalty u/s 11AC Mandatory for Duty Evasion, Even if Paid Post-Notice; Ignorance Not a Defense.

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....Evasion of duty - Ignorance of law - Imposition of penalty u/s 11AC - Taking note of the specific provision of Section 11AC where there is a specific mandate that the assessee shall be liable to pay penalty, the mere payment of duty even after the show cause notice is not a ground to waive penalty - HC....