https://www.taxtmi.com/caselaws?id=264535 The tribunal set aside the penalty under Section 11AC for the first issue regarding the applicable basic excise duty rate, as there was no intentional misstatement or factual concealment by the appellant. In the second issue concerning the applicability of education cess and secondary and higher education cess, the demand was annulled based on a precedent, leading to no penalty imposition. The tribunal emphasized the irrelevance of debiting these cess amounts from the basic excise duty and the appellant agreed to pay interest on the delayed duty payment, resulting in the appeal being allowed in favor of the appellant. en-us Fri, 17 Jul 2015 00:00:00 +0530 Sat, 26 Sep 2015 00:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264535 The tribunal set aside the penalty under Section 11AC for the first issue regarding the applicable basic excise duty rate, as there was no intentional misstatement or factual concealment by the appellant. In the second issue concerning the applicability of education cess and secondary and higher education cess, the demand was annulled based on a precedent, leading to no penalty imposition. The tribunal emphasized the irrelevance of debiting these cess amounts from the basic excise duty and the appellant agreed to pay interest on the delayed duty payment, resulting in the appeal being allowed in favor of the appellant. Case-Laws Central Excise Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264535