https://www.taxtmi.com/caselaws?id=121205 The appellate court ruled in favor of the appellants, finding that there was no evidence of fraudulent intent or evasion of duty in the transfer of capital goods between their factories. The court emphasized the appellants' good faith in paying duty promptly and concluded that the penalties imposed were unwarranted. As a result, the appellate order was modified to waive the penalties and redemption fine imposed on both parties. en-us Mon, 05 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 14:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121205 The appellate court ruled in favor of the appellants, finding that there was no evidence of fraudulent intent or evasion of duty in the transfer of capital goods between their factories. The court emphasized the appellants' good faith in paying duty promptly and concluded that the penalties imposed were unwarranted. As a result, the appellate order was modified to waive the penalties and redemption fine imposed on both parties. Case-Laws Central Excise Mon, 05 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121205