https://www.taxtmi.com/caselaws?id=116224 The Tribunal set aside the penalty imposed on the appellant for depositing cheques with the Chief Accounts Officer and immediately taking credit in their PLA before clearing the goods. The Revenue failed to prove that the Chief Accounts Officer lacked authority to collect the cheques and did not take any administrative action against the officer. As the bank honored the cheques without issues of insufficient funds, the Tribunal found no justification for the penalty and ruled in favor of the appellant, allowing the appeal. en-us Tue, 12 Apr 2005 00:00:00 +0530 Sat, 09 Jun 2012 10:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116224 The Tribunal set aside the penalty imposed on the appellant for depositing cheques with the Chief Accounts Officer and immediately taking credit in their PLA before clearing the goods. The Revenue failed to prove that the Chief Accounts Officer lacked authority to collect the cheques and did not take any administrative action against the officer. As the bank honored the cheques without issues of insufficient funds, the Tribunal found no justification for the penalty and ruled in favor of the appellant, allowing the appeal. Case-Laws Central Excise Tue, 12 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116224