Court Rules Interest & Penalties Mandatory Under Central Excise Act Sections 11AC & 11AB; No Waiver Allowed by Authorities.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 11AC - Interest u/s 11AB - interest and penalty are imposable and there is no discretionary power vested with the authorities for waiving the same.- HC....