https://www.taxtmi.com/caselaws?id=240360 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act in a case concerning the interpretation of Notification 39/2007-CE(NT). The dispute revolved around the calculation method of duty on capital goods cleared from the factory, with the appellants following a quarterly basis and the Revenue advocating for actual days. The Tribunal ruled in favor of the appellants, emphasizing adherence to notification provisions and the absence of intent to evade payment as crucial in penalty imposition decisions under the Central Excise Act. en-us Tue, 25 Jun 2013 00:00:00 +0530 Wed, 23 Apr 2014 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240360 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act in a case concerning the interpretation of Notification 39/2007-CE(NT). The dispute revolved around the calculation method of duty on capital goods cleared from the factory, with the appellants following a quarterly basis and the Revenue advocating for actual days. The Tribunal ruled in favor of the appellants, emphasizing adherence to notification provisions and the absence of intent to evade payment as crucial in penalty imposition decisions under the Central Excise Act. Case-Laws Central Excise Tue, 25 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240360