https://www.taxtmi.com/caselaws?id=126717 The Tribunal upheld the order setting aside the penalty imposed under Section 11AC, dismissing the Revenue's appeal. The case involved a manufacturer of thermometers who underpaid duty on free replacements or gifts due to a mistaken belief about the value, not deliberate evasion. The Tribunal found the circumstances did not warrant invoking Section 11AC, emphasizing the need to assess each case individually for penalty applicability. en-us Thu, 25 Jun 2009 00:00:00 +0530 Tue, 04 Dec 2012 18:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126717 The Tribunal upheld the order setting aside the penalty imposed under Section 11AC, dismissing the Revenue's appeal. The case involved a manufacturer of thermometers who underpaid duty on free replacements or gifts due to a mistaken belief about the value, not deliberate evasion. The Tribunal found the circumstances did not warrant invoking Section 11AC, emphasizing the need to assess each case individually for penalty applicability. Case-Laws Central Excise Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126717