https://www.taxtmi.com/caselaws?id=220513 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed under Section 11AC of the Central Excise Act, 1985. The appellant, engaged in manufacturing Air Pollution Control equipment, had failed to include drawing and designing charges in the assessable value for excise duty calculation. The Tribunal found that this omission was a bonafide mistake as the charges had already been subjected to service tax and promptly rectified upon audit notification. The Tribunal concluded that there was no intention to evade duties, leading to the penalty being overturned. en-us Fri, 04 Jan 2013 00:00:00 +0530 Tue, 29 Jan 2013 06:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220513 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed under Section 11AC of the Central Excise Act, 1985. The appellant, engaged in manufacturing Air Pollution Control equipment, had failed to include drawing and designing charges in the assessable value for excise duty calculation. The Tribunal found that this omission was a bonafide mistake as the charges had already been subjected to service tax and promptly rectified upon audit notification. The Tribunal concluded that there was no intention to evade duties, leading to the penalty being overturned. Case-Laws Central Excise Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220513