https://www.taxtmi.com/caselaws?id=266052 The Appellate Tribunal CESTAT Chennai ruled in a case involving duty evasion and penalty imposition that there was no evidence of intentional evasion or malafides by the appellant company. The Tribunal emphasized the necessity of proving both "intention" and "evasion" under Section 11AC of the Central Excise Act and cited relevant case law to support its decision. Consequently, the Tribunal allowed the appeals, waiving the penalty imposed on both the company and the Managing Director due to the lack of intention to defraud Revenue. en-us Thu, 05 Mar 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266052 The Appellate Tribunal CESTAT Chennai ruled in a case involving duty evasion and penalty imposition that there was no evidence of intentional evasion or malafides by the appellant company. The Tribunal emphasized the necessity of proving both "intention" and "evasion" under Section 11AC of the Central Excise Act and cited relevant case law to support its decision. Consequently, the Tribunal allowed the appeals, waiving the penalty imposed on both the company and the Managing Director due to the lack of intention to defraud Revenue. Case-Laws Central Excise Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266052