If assessee not contested demand on ground of invocation of extended period of limitation, penalty is leviable

CESTAT, BANGALORE BENCH (SMB) Alloytech versus Commissioner of Central Excise, Bangalore FINAL ORDER NO. 701 OF 2012 APPEAL NO. E/58 OF 2011 Date of Pronouncement – 05.11.2012 ORDER 1. In this appeal filed by the assessee, the short question is whether under section 11AC of the Central Excise Act .they were liable to be penalized on the facts of this case. The facts are that the appellant had removed a Horizontal Cold Chamber Pressure Die Casting Machine (which had been purchased on 04/12/2006 and on which CENVAT credit had been taken) to another unit of theirs on 04/06/2008...