https://www.taxtmi.com/caselaws?id=128005 Penalty under Section 11AC of the Central Excise Act was held unsustainable where duty and interest were accepted, clearance figures came from the assessee's own records, and the short levy arose from a mistaken reading of the exemption notification rather than intent to evade duty. Penalty under Rule 25 of the Central Excise Rules was not further reduced because the appellate authority had already substantially lowered it, and the clearances were made in contravention of the exemption notification after departmental intimation that the benefit was unavailable. The reduced penalties were therefore upheld, and no further relief was granted. en-us Fri, 17 Jul 2009 00:00:00 +0530 Mon, 25 Mar 2013 16:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128005 Penalty under Section 11AC of the Central Excise Act was held unsustainable where duty and interest were accepted, clearance figures came from the assessee's own records, and the short levy arose from a mistaken reading of the exemption notification rather than intent to evade duty. Penalty under Rule 25 of the Central Excise Rules was not further reduced because the appellate authority had already substantially lowered it, and the clearances were made in contravention of the exemption notification after departmental intimation that the benefit was unavailable. The reduced penalties were therefore upheld, and no further relief was granted. Case-Laws Central Excise Fri, 17 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128005