https://www.taxtmi.com/caselaws?id=241362 The Tribunal upheld the duty demand but set aside the penalties imposed on the appellants in a case concerning duty liability on the amortization of imported moulds. Despite confirming the duty payment, the Tribunal found the penalties unnecessary due to the revenue-neutral situation resulting from the duty being available as credit to the company. The Tribunal noted the absence of malicious intent on the part of the appellants and deemed the penalties unwarranted, ultimately ruling in favor of the appellants in both issues presented. en-us Wed, 01 May 2013 00:00:00 +0530 Fri, 19 Jun 2015 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241362 The Tribunal upheld the duty demand but set aside the penalties imposed on the appellants in a case concerning duty liability on the amortization of imported moulds. Despite confirming the duty payment, the Tribunal found the penalties unnecessary due to the revenue-neutral situation resulting from the duty being available as credit to the company. The Tribunal noted the absence of malicious intent on the part of the appellants and deemed the penalties unwarranted, ultimately ruling in favor of the appellants in both issues presented. Case-Laws Central Excise Wed, 01 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241362