https://www.taxtmi.com/caselaws?id=120622 The Tribunal upheld the plea of bona fide belief in a case involving duty on goods supplied as free replacements during the warranty period. The duty was upheld as uncontested, but penalties were significantly reduced and set aside for the Chief Accountant. Proper accounting and lack of manipulation were crucial factors in accepting the plea. The judgment clarifies the application of bona fide belief in non-payment of duty cases, highlighting the significance of transparent accounting practices and absence of manipulation in determining penalty outcomes. en-us Wed, 24 Jan 2007 00:00:00 +0530 Mon, 23 Jul 2012 10:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120622 The Tribunal upheld the plea of bona fide belief in a case involving duty on goods supplied as free replacements during the warranty period. The duty was upheld as uncontested, but penalties were significantly reduced and set aside for the Chief Accountant. Proper accounting and lack of manipulation were crucial factors in accepting the plea. The judgment clarifies the application of bona fide belief in non-payment of duty cases, highlighting the significance of transparent accounting practices and absence of manipulation in determining penalty outcomes. Case-Laws Central Excise Wed, 24 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120622