https://www.taxtmi.com/caselaws?id=116471 The appeal was filed against the Order confirming the demand after denying the benefit of Notification No. 5/98-C.E. for cotton yarn clearance. The Tribunal upheld the appellants' entitlement to the cum duty benefit based on the form of clearance, hank or tube, dismissing the Revenue's challenge. A consolidated penalty of Rs. 7 lakhs was imposed, and personal penalties on the directors were set aside due to the lack of evidence of intent to evade duty payment. The judgment emphasized the appellants' entitlement to the benefit and the appropriate penalty imposition. en-us Tue, 05 Jul 2005 00:00:00 +0530 Tue, 12 Jun 2012 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116471 The appeal was filed against the Order confirming the demand after denying the benefit of Notification No. 5/98-C.E. for cotton yarn clearance. The Tribunal upheld the appellants' entitlement to the cum duty benefit based on the form of clearance, hank or tube, dismissing the Revenue's challenge. A consolidated penalty of Rs. 7 lakhs was imposed, and personal penalties on the directors were set aside due to the lack of evidence of intent to evade duty payment. The judgment emphasized the appellants' entitlement to the benefit and the appropriate penalty imposition. Case-Laws Central Excise Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116471