https://www.taxtmi.com/caselaws?id=267964 The Tribunal rejected the Revenue's appeal and allowed the assessee's appeal, setting aside the penalty imposed under the Central Excise Act. The appellate authority found no evidence of malafide intent by the assessee, who voluntarily disclosed the error and promptly paid the duty. The absence of grounds for penalty imposition, lack of evidence of intent to evade duty payment, and alignment with a previous court decision led to the penalty being deemed unwarranted. Ultimately, the penalty on the assessee was set aside, concluding the case in favor of the assessee. en-us Fri, 01 May 2015 00:00:00 +0530 Wed, 18 Nov 2015 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267964 The Tribunal rejected the Revenue's appeal and allowed the assessee's appeal, setting aside the penalty imposed under the Central Excise Act. The appellate authority found no evidence of malafide intent by the assessee, who voluntarily disclosed the error and promptly paid the duty. The absence of grounds for penalty imposition, lack of evidence of intent to evade duty payment, and alignment with a previous court decision led to the penalty being deemed unwarranted. Ultimately, the penalty on the assessee was set aside, concluding the case in favor of the assessee. Case-Laws Central Excise Fri, 01 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267964