https://www.taxtmi.com/caselaws?id=126687 The Tribunal dismissed the Revenue's appeal against the Commissioner (Appeals)'s decision to set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944. The Tribunal found that despite the shortage of raw materials involving central excise duty, the duty was promptly paid, reasons for the shortage were accepted, and there was no evidence of clandestine clearance of goods. Therefore, the Tribunal upheld the decision to annul the penalty, citing the absence of elements required for penalty imposition under Section 11AC. The appeal was dismissed on 5-6-2009. en-us Fri, 05 Jun 2009 00:00:00 +0530 Tue, 04 Dec 2012 16:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126687 The Tribunal dismissed the Revenue's appeal against the Commissioner (Appeals)'s decision to set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944. The Tribunal found that despite the shortage of raw materials involving central excise duty, the duty was promptly paid, reasons for the shortage were accepted, and there was no evidence of clandestine clearance of goods. Therefore, the Tribunal upheld the decision to annul the penalty, citing the absence of elements required for penalty imposition under Section 11AC. The appeal was dismissed on 5-6-2009. Case-Laws Central Excise Fri, 05 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126687