https://www.taxtmi.com/caselaws?id=207635 The High Court dismissed the revenue's appeal challenging the Tribunal's decision to set aside a penalty imposition on an assessee for non-payment of duty calculated on ACP basis. The Court found that since the assessee ultimately accepted the duty liability, paid the duty and interest, and did not have the intention to evade tax, there were no grounds for penalty imposition. The Tribunal's decision was upheld, emphasizing that penalties are applicable only when there is a deliberate attempt to evade tax. The appeal was dismissed in favor of the assessee. en-us Fri, 08 Apr 2011 00:00:00 +0530 Tue, 20 Dec 2011 07:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207635 The High Court dismissed the revenue's appeal challenging the Tribunal's decision to set aside a penalty imposition on an assessee for non-payment of duty calculated on ACP basis. The Court found that since the assessee ultimately accepted the duty liability, paid the duty and interest, and did not have the intention to evade tax, there were no grounds for penalty imposition. The Tribunal's decision was upheld, emphasizing that penalties are applicable only when there is a deliberate attempt to evade tax. The appeal was dismissed in favor of the assessee. Case-Laws Central Excise Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207635