https://www.taxtmi.com/caselaws?id=244414 Penalty waiver was justified where the assessee's short payment arose from an interpretational error in implementing Notification No. 15/2002 and there was no evidence of deliberate or contumacious breach. The shortfall continued only briefly after the notification came into force, and the record did not support an inference of intentional short-payment. Once the correct interpretation was understood, the assessee made good the revenue loss. In the early stage of implementation, such interpretational difficulty was a plausible explanation, so no interference with the waiver was called for. en-us Wed, 17 Jul 2013 00:00:00 +0530 Wed, 26 Feb 2014 06:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244414 Penalty waiver was justified where the assessee's short payment arose from an interpretational error in implementing Notification No. 15/2002 and there was no evidence of deliberate or contumacious breach. The shortfall continued only briefly after the notification came into force, and the record did not support an inference of intentional short-payment. Once the correct interpretation was understood, the assessee made good the revenue loss. In the early stage of implementation, such interpretational difficulty was a plausible explanation, so no interference with the waiver was called for. Case-Laws Central Excise Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244414