https://www.taxtmi.com/caselaws?id=94503 Penalty under Rule 173Q of the Central Excise Rules was held unsustainable where the assessee had acted under a bona fide belief that crushing of limestone did not amount to manufacture under Section 2(f) of the Central Excises & Salt Act. The relevant periods preceded the Tribunal's earlier ruling on the issue, and the same circumstances supporting bona fide belief continued to apply. In the absence of any independent valid reason for penal action, the Commissioner (Appeals) had no basis to affirm the penalty. The penalty was set aside and the appeal succeeded. en-us Wed, 22 Dec 1999 00:00:00 +0530 Wed, 23 Nov 2011 10:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94503 Penalty under Rule 173Q of the Central Excise Rules was held unsustainable where the assessee had acted under a bona fide belief that crushing of limestone did not amount to manufacture under Section 2(f) of the Central Excises & Salt Act. The relevant periods preceded the Tribunal's earlier ruling on the issue, and the same circumstances supporting bona fide belief continued to apply. In the absence of any independent valid reason for penal action, the Commissioner (Appeals) had no basis to affirm the penalty. The penalty was set aside and the appeal succeeded. Case-Laws Central Excise Wed, 22 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94503