https://www.taxtmi.com/caselaws?id=126662 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, on a public limited company for exceeding the small scale exemption limit. Despite confirming the duty demand and interest, the Tribunal found no grounds for penalty imposition due to the company's proactive engagement with the revenue, lack of evasion intent, and timely duty payment before any notice was issued. The appeal challenging the penalty imposition was allowed, resulting in the penalty being overturned while confirming the duty and interest obligations. en-us Fri, 22 May 2009 00:00:00 +0530 Tue, 04 Dec 2012 14:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126662 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, on a public limited company for exceeding the small scale exemption limit. Despite confirming the duty demand and interest, the Tribunal found no grounds for penalty imposition due to the company's proactive engagement with the revenue, lack of evasion intent, and timely duty payment before any notice was issued. The appeal challenging the penalty imposition was allowed, resulting in the penalty being overturned while confirming the duty and interest obligations. Case-Laws Central Excise Fri, 22 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126662