https://www.taxtmi.com/caselaws?id=253977 The Tribunal upheld the Commissioner's classification of the vessel as a pleasure craft rather than a transportation vessel, rejecting the appellant's arguments based on the vessel's features and licensing. The appellant's claim for duty exemption under Notification No. 8/2003/CE was denied due to a duty demand exceeding &8377; 11 lakhs, along with interest and penalties under Section 11AC of the Central Excise Act 1944. The confirmation of duty demand emphasized the seriousness of the misclassification and duty evasion, leading to penalties being imposed. The Tribunal directed the appellant to deposit a specific amount to proceed with the appeal. en-us Tue, 02 Sep 2014 00:00:00 +0530 Tue, 09 Dec 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253977 The Tribunal upheld the Commissioner's classification of the vessel as a pleasure craft rather than a transportation vessel, rejecting the appellant's arguments based on the vessel's features and licensing. The appellant's claim for duty exemption under Notification No. 8/2003/CE was denied due to a duty demand exceeding &8377; 11 lakhs, along with interest and penalties under Section 11AC of the Central Excise Act 1944. The confirmation of duty demand emphasized the seriousness of the misclassification and duty evasion, leading to penalties being imposed. The Tribunal directed the appellant to deposit a specific amount to proceed with the appeal. Case-Laws Central Excise Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253977