https://www.taxtmi.com/caselaws?id=120528 Misreading an exemption notification did not justify a penalty equal to the duty where exports to Nepal had to be included in the aggregate clearances for the exemption limit. The duty demand was therefore sustained because the exemption threshold was incorrectly applied. As the omission was treated as a bona fide interpretative error rather than deliberate evasion, the equal penalty was found excessive and was reduced to a nominal amount, with penalty still maintained. en-us Fri, 22 Dec 2006 00:00:00 +0530 Sat, 21 Jul 2012 10:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120528 Misreading an exemption notification did not justify a penalty equal to the duty where exports to Nepal had to be included in the aggregate clearances for the exemption limit. The duty demand was therefore sustained because the exemption threshold was incorrectly applied. As the omission was treated as a bona fide interpretative error rather than deliberate evasion, the equal penalty was found excessive and was reduced to a nominal amount, with penalty still maintained. Case-Laws Central Excise Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120528