https://www.taxtmi.com/caselaws?id=205885 The Tribunal set aside the penalty imposed under Section 11AC as the assessee promptly rectified the mistake by paying the duty and interest without fraudulent intent. The appeal by the assessee was allowed, and the Revenue's appeal against the reduction of mandatory penalty was rejected. en-us Wed, 16 Mar 2011 00:00:00 +0530 Wed, 28 Sep 2011 23:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205885 The Tribunal set aside the penalty imposed under Section 11AC as the assessee promptly rectified the mistake by paying the duty and interest without fraudulent intent. The appeal by the assessee was allowed, and the Revenue's appeal against the reduction of mandatory penalty was rejected. Case-Laws Central Excise Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205885