https://www.taxtmi.com/caselaws?id=237569 Penalty under Section 11AC of the Central Excise Act was not leviable where the dispute concerned interpretation and classification of air-conditioning parts. Divergent judicial views and a Board circular showed that the controversy turned on the application of interpretative rules rather than deliberate evasion. A bona fide view in favour of the assessee negatived the element of mens rea required for penalty, and the Tribunal was justified in setting aside the penalty. en-us Wed, 16 May 2012 00:00:00 +0530 Tue, 01 Oct 2013 07:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237569 Penalty under Section 11AC of the Central Excise Act was not leviable where the dispute concerned interpretation and classification of air-conditioning parts. Divergent judicial views and a Board circular showed that the controversy turned on the application of interpretative rules rather than deliberate evasion. A bona fide view in favour of the assessee negatived the element of mens rea required for penalty, and the Tribunal was justified in setting aside the penalty. Case-Laws Central Excise Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237569