https://www.taxtmi.com/caselaws?id=271543 The Tribunal upheld the duty liability, penalty, and interest imposed on the appellants for crossing the exemption threshold under Notification No. 8/2003-CE. It clarified that the value of exempted goods should not be included in calculating aggregate clearances. The penalty was upheld due to the appellant's failure to declare all exempted items in monthly returns, indicating suppression of facts. However, the penalty on the Director was set aside for lack of direct involvement evidence. The judgment emphasized compliance with notification conditions and accurate declaration in returns to avoid penalties. en-us Fri, 13 Nov 2015 00:00:00 +0530 Tue, 09 Feb 2016 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271543 The Tribunal upheld the duty liability, penalty, and interest imposed on the appellants for crossing the exemption threshold under Notification No. 8/2003-CE. It clarified that the value of exempted goods should not be included in calculating aggregate clearances. The penalty was upheld due to the appellant's failure to declare all exempted items in monthly returns, indicating suppression of facts. However, the penalty on the Director was set aside for lack of direct involvement evidence. The judgment emphasized compliance with notification conditions and accurate declaration in returns to avoid penalties. Case-Laws Central Excise Fri, 13 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271543