https://www.taxtmi.com/caselaws?id=266645 The Tribunal set aside the order imposing penalty under Section 11AC, allowing the appeal. The appellant, a Public Sector Undertaking, had paid the duty amount with interest before adjudication and promptly paid 25% of the duty towards penalty. The Tribunal noted the appellant's transparency in disclosing duty liability on Carbon Block Feed Stock (CBFS) based on Refinery Transfer Price (RTP) and absence of intent to evade duty, leading to the decision that there was no justification for penalty imposition under Section 11AC. The Tribunal emphasized the appellant's compliance and lack of mens rea, citing the Uniworth Textiles Ltd. case. en-us Tue, 13 Oct 2015 00:00:00 +0530 Thu, 22 Oct 2015 15:08:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266645 The Tribunal set aside the order imposing penalty under Section 11AC, allowing the appeal. The appellant, a Public Sector Undertaking, had paid the duty amount with interest before adjudication and promptly paid 25% of the duty towards penalty. The Tribunal noted the appellant's transparency in disclosing duty liability on Carbon Block Feed Stock (CBFS) based on Refinery Transfer Price (RTP) and absence of intent to evade duty, leading to the decision that there was no justification for penalty imposition under Section 11AC. The Tribunal emphasized the appellant's compliance and lack of mens rea, citing the Uniworth Textiles Ltd. case. Case-Laws Central Excise Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266645