https://www.taxtmi.com/caselaws?id=122528 The Tribunal dismissed the appeal, upholding the decision to set aside the penalty imposed under Section 11AC on the assessee. This decision was based on the precedent set by the Bombay High Court in a similar case, which ruled that no penalty should be imposed if duty is paid before the issuance of a show cause notice. The Tribunal emphasized the binding nature of the Bombay High Court's decision within its jurisdiction, highlighting the importance of consistency and adherence to higher court decisions in legal interpretations. en-us Thu, 15 Feb 2007 00:00:00 +0530 Tue, 14 Aug 2012 14:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122528 The Tribunal dismissed the appeal, upholding the decision to set aside the penalty imposed under Section 11AC on the assessee. This decision was based on the precedent set by the Bombay High Court in a similar case, which ruled that no penalty should be imposed if duty is paid before the issuance of a show cause notice. The Tribunal emphasized the binding nature of the Bombay High Court's decision within its jurisdiction, highlighting the importance of consistency and adherence to higher court decisions in legal interpretations. Case-Laws Central Excise Thu, 15 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122528