https://www.taxtmi.com/caselaws?id=170554 The Tribunal set aside the penalty imposed under Section 11AC, ruling in favor of the appellant. It was determined that the specific conditions required for the penalty to apply, such as fraud or wilful misstatement, were not met in this case. The Tribunal found no evidence of intent to evade duty payment, as the duty-paying documents were in the appellant's name, despite the address discrepancy. Therefore, the appeal against the penalty imposed was upheld, emphasizing the necessity of meeting the prescribed conditions for the application of penalties under Section 11AC. en-us Thu, 16 Sep 2010 00:00:00 +0530 Tue, 02 Jun 2015 12:47:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170554 The Tribunal set aside the penalty imposed under Section 11AC, ruling in favor of the appellant. It was determined that the specific conditions required for the penalty to apply, such as fraud or wilful misstatement, were not met in this case. The Tribunal found no evidence of intent to evade duty payment, as the duty-paying documents were in the appellant's name, despite the address discrepancy. Therefore, the appeal against the penalty imposed was upheld, emphasizing the necessity of meeting the prescribed conditions for the application of penalties under Section 11AC. Case-Laws Central Excise Thu, 16 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170554