https://www.taxtmi.com/caselaws?id=246524 The tribunal upheld the classification of components of "Synthetic Web Equipment (SWE)" under Heading 4202 and Heading 6307. The duty demand was to be re-quantified based on this classification. The penalty imposed on the appellant-company was reduced to Rs. 5 lakhs, and the penalty on the President of the company was set aside due to the absence of deliberate intent to evade duty. The case was remanded to the Commissioner for re-quantification of the duty demand. en-us Wed, 18 Jul 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246524 The tribunal upheld the classification of components of "Synthetic Web Equipment (SWE)" under Heading 4202 and Heading 6307. The duty demand was to be re-quantified based on this classification. The penalty imposed on the appellant-company was reduced to Rs. 5 lakhs, and the penalty on the President of the company was set aside due to the absence of deliberate intent to evade duty. The case was remanded to the Commissioner for re-quantification of the duty demand. Case-Laws Central Excise Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246524