https://www.taxtmi.com/caselaws?id=174180 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, dismissing the Revenue's appeal. The Court disagreed with the Revenue's argument for imposing penalty under Section 11AC of the Central Excise Act, noting the lack of reference to statutory contraventions in the show cause notice. The Court highlighted the assessee's genuine belief in exemption and the payment of excess duty liability before the notice was issued. Consequently, the appeal failed, and the decision was upheld without costs. en-us Fri, 11 Oct 2013 00:00:00 +0530 Thu, 01 Oct 2015 17:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174180 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, dismissing the Revenue's appeal. The Court disagreed with the Revenue's argument for imposing penalty under Section 11AC of the Central Excise Act, noting the lack of reference to statutory contraventions in the show cause notice. The Court highlighted the assessee's genuine belief in exemption and the payment of excess duty liability before the notice was issued. Consequently, the appeal failed, and the decision was upheld without costs. Case-Laws Central Excise Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174180