https://www.taxtmi.com/caselaws?id=77264 The tribunal ruled in favor of the respondent, dropping the penalty under Section 11AC and redemption fine for a shortage of finished goods and alleged duty suppression. It was found that there was no evidence of intentional evasion or clandestine removal of goods by the respondent. The failure to make debit entries in statutory records was deemed as clerical errors rather than suppression. The tribunal emphasized the necessity of intent for penalty imposition under Section 11AC and upheld the impugned order, rejecting the revenue's appeal. en-us Wed, 05 May 2010 00:00:00 +0530 Thu, 02 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77264 The tribunal ruled in favor of the respondent, dropping the penalty under Section 11AC and redemption fine for a shortage of finished goods and alleged duty suppression. It was found that there was no evidence of intentional evasion or clandestine removal of goods by the respondent. The failure to make debit entries in statutory records was deemed as clerical errors rather than suppression. The tribunal emphasized the necessity of intent for penalty imposition under Section 11AC and upheld the impugned order, rejecting the revenue's appeal. Case-Laws Central Excise Wed, 05 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77264