https://www.taxtmi.com/caselaws?id=115436 Penalty equal to the duty was found unwarranted where the assessee acted on a certificate issued by the State power authorities and endorsed by Central Excise, and then corrected the credit entry once the exemption error was pointed out. The bona fide belief that the notification benefit was available weighed against imposition of the full penalty. The duty demand was confirmed, but the penalty was reduced from Rs. 32,091 to Rs. 10,000. en-us Sun, 25 Apr 2004 00:00:00 +0530 Tue, 29 May 2012 16:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115436 Penalty equal to the duty was found unwarranted where the assessee acted on a certificate issued by the State power authorities and endorsed by Central Excise, and then corrected the credit entry once the exemption error was pointed out. The bona fide belief that the notification benefit was available weighed against imposition of the full penalty. The duty demand was confirmed, but the penalty was reduced from Rs. 32,091 to Rs. 10,000. Case-Laws Central Excise Sun, 25 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115436