https://www.taxtmi.com/caselaws?id=267441 The Tribunal set aside the penalty under Section 11AC for non-inclusion of printing cylinders cost in final product manufacturing, citing the appellant's prompt payment of duty and interest owed, lack of intent to evade duty, and absence of deliberate evasion. The duty amount of Rs. 24,376 was acknowledged, but the Tribunal found the appellant's conduct and duty amount did not warrant penalty imposition, emphasizing the importance of intent and behavior in tax matters. The impugned order was upheld with the penalty waiver, emphasizing fair treatment in tax compliance. en-us Mon, 17 Aug 2015 00:00:00 +0530 Thu, 05 Nov 2015 22:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267441 The Tribunal set aside the penalty under Section 11AC for non-inclusion of printing cylinders cost in final product manufacturing, citing the appellant's prompt payment of duty and interest owed, lack of intent to evade duty, and absence of deliberate evasion. The duty amount of Rs. 24,376 was acknowledged, but the Tribunal found the appellant's conduct and duty amount did not warrant penalty imposition, emphasizing the importance of intent and behavior in tax matters. The impugned order was upheld with the penalty waiver, emphasizing fair treatment in tax compliance. Case-Laws Central Excise Mon, 17 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267441