2006 (7) TMI 217

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....der]. - This appeal has been preferred for decision of substantial questions of law proposed in para 4 of the memo of appeal. The questions proposed are as under :- "(i) Whether penalty under Section 11AC of the Central Excise Act, 1944 in cases where any duty of excise has not been levied or paid or has been short levied or short paid by reasons of fraud, collusion or any wilful misstatement o....