https://www.taxtmi.com/caselaws?id=116303 The appeal involved an allegation of wilful misdeclaration of Feedstock for Xylene manufacture, leading to duty demand and penalty imposition. The Tribunal confirmed duty demand but set aside the penalty pre-Section 11AC. The High Court remanded the penalty issue. The Tribunal ruled in favor of the appellants, finding no wilful misdeclaration as the item was consistently declared and used as per exemption notification. As there was no fraud or misdeclaration, the penalty under Section 11AC was deemed unwarranted, and the appeal was allowed. en-us Tue, 17 May 2005 00:00:00 +0530 Mon, 11 Jun 2012 12:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116303 The appeal involved an allegation of wilful misdeclaration of Feedstock for Xylene manufacture, leading to duty demand and penalty imposition. The Tribunal confirmed duty demand but set aside the penalty pre-Section 11AC. The High Court remanded the penalty issue. The Tribunal ruled in favor of the appellants, finding no wilful misdeclaration as the item was consistently declared and used as per exemption notification. As there was no fraud or misdeclaration, the penalty under Section 11AC was deemed unwarranted, and the appeal was allowed. Case-Laws Central Excise Tue, 17 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116303