Penalty u/s 11AC Excise Act Unjustified Due to Full Payment and No Mis-declaration in Copper Strips Case.

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....Penalty u/s 11AC of CEA,1944 - clearance of Copper Strips - the appellant after being pointed out by the audit and issuance of SCN, discharged the entire amount of duty and interest - in absence of suppression of facts or mis-declaration, penalty u/s 11AC of CEA, 1944 cannot be sustained - AT....