https://www.taxtmi.com/caselaws?id=2274 The Tribunal set aside the penalty imposed under Section 11AC for short-levy of duty, as the appellant genuinely believed duty was not payable based on a Supreme Court decision and rectified the payment upon realizing the error. However, a penalty of Rs. 5,000 under Rule 27 of the Central Excise Rules, 2002 was imposed due to the appellant's failure to be vigilant in following the law. The judgment emphasized the significance of intent and compliance with legal provisions in determining penalty applicability in excise law. en-us Wed, 18 Jul 2007 00:00:00 +0530 Tue, 15 Apr 2008 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2274 The Tribunal set aside the penalty imposed under Section 11AC for short-levy of duty, as the appellant genuinely believed duty was not payable based on a Supreme Court decision and rectified the payment upon realizing the error. However, a penalty of Rs. 5,000 under Rule 27 of the Central Excise Rules, 2002 was imposed due to the appellant's failure to be vigilant in following the law. The judgment emphasized the significance of intent and compliance with legal provisions in determining penalty applicability in excise law. Case-Laws Central Excise Wed, 18 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2274