https://www.taxtmi.com/caselaws?id=265913 The tribunal found that the appellants' non-payment of duty was a genuine mistake, not intentional evasion, due to lack of awareness about the new notification. The penalty imposition was deemed unjustified, and the demand of duty and interest was confirmed while setting aside the penalty. The judgment underscores that penalties under Section 11AC should be reserved for cases of malafide and willful duty evasion, emphasizing the importance of maintaining proper records and compliance, and acknowledging genuine mistakes arising from unawareness of legal provisions. en-us Thu, 28 May 2015 00:00:00 +0530 Mon, 09 May 2016 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265913 The tribunal found that the appellants' non-payment of duty was a genuine mistake, not intentional evasion, due to lack of awareness about the new notification. The penalty imposition was deemed unjustified, and the demand of duty and interest was confirmed while setting aside the penalty. The judgment underscores that penalties under Section 11AC should be reserved for cases of malafide and willful duty evasion, emphasizing the importance of maintaining proper records and compliance, and acknowledging genuine mistakes arising from unawareness of legal provisions. Case-Laws Central Excise Thu, 28 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265913