https://www.taxtmi.com/caselaws?id=176746 The Tribunal ruled in favor of the appellant, setting aside the penalty under Section 11AC while upholding the interest payment. The appellant, M/s Indian Oil Corporation Ltd., successfully argued that the issues were interpretational without intentional wrongdoing, leading to the decision in their favor. The judgment provided relief by overturning the penalty imposition and emphasizing the appellant's compliance with duty payment obligations post withdrawal of warehousing permission. en-us Mon, 06 Apr 2015 00:00:00 +0530 Mon, 28 Dec 2015 21:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176746 The Tribunal ruled in favor of the appellant, setting aside the penalty under Section 11AC while upholding the interest payment. The appellant, M/s Indian Oil Corporation Ltd., successfully argued that the issues were interpretational without intentional wrongdoing, leading to the decision in their favor. The judgment provided relief by overturning the penalty imposition and emphasizing the appellant's compliance with duty payment obligations post withdrawal of warehousing permission. Case-Laws Central Excise Mon, 06 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176746