https://www.taxtmi.com/caselaws?id=173763 The Commissioner (Appeals) set aside the penalty imposed on a company for underpayment of duty under the Central Excise Tariff Act, 1985. The Tribunal ruled in favor of the company, finding that the discrepancies in duty payment were due to a genuine misunderstanding of the changed valuation rules rather than intentional evasion. The Tribunal emphasized that there was no intention to evade duty as the goods were cleared with duty paid, albeit at an incorrect value, and that the issue stemmed from ignorance of the law change rather than deliberate evasion. en-us Wed, 20 Dec 2006 00:00:00 +0530 Tue, 17 May 2016 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173763 The Commissioner (Appeals) set aside the penalty imposed on a company for underpayment of duty under the Central Excise Tariff Act, 1985. The Tribunal ruled in favor of the company, finding that the discrepancies in duty payment were due to a genuine misunderstanding of the changed valuation rules rather than intentional evasion. The Tribunal emphasized that there was no intention to evade duty as the goods were cleared with duty paid, albeit at an incorrect value, and that the issue stemmed from ignorance of the law change rather than deliberate evasion. Case-Laws Central Excise Wed, 20 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173763