https://www.taxtmi.com/caselaws?id=206977 The Tribunal upheld the decision to drop the penalty under Section 11AC of the Central Excise Act, 1944 against the respondents. The Tribunal found that there was no intent to evade duty as the department acknowledged the incorrect benefit claimed by the respondents themselves. Therefore, based on a relevant Supreme Court decision, the Tribunal concluded that no penalty was imposable, rejecting the Revenue's appeal. en-us Tue, 15 Mar 2011 00:00:00 +0530 Thu, 24 Nov 2011 07:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206977 The Tribunal upheld the decision to drop the penalty under Section 11AC of the Central Excise Act, 1944 against the respondents. The Tribunal found that there was no intent to evade duty as the department acknowledged the incorrect benefit claimed by the respondents themselves. Therefore, based on a relevant Supreme Court decision, the Tribunal concluded that no penalty was imposable, rejecting the Revenue's appeal. Case-Laws Central Excise Tue, 15 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206977