https://www.taxtmi.com/caselaws?id=3214 The tribunal upheld the duty demand for the balance of show cause notices, except for one barred by limitation. Penalties imposed on the appellants were set aside for the remaining notices due to the appellant's genuine belief, proactive approach, lack of malafide intent, and past judicial decisions supporting their entitlement to exemption under the notification. The tribunal found penalties unsustainable under Section 11AC, referencing precedents where penalties were unwarranted for provisional assessments and notices issued within the normal limitation period. en-us Tue, 15 Jan 2008 00:00:00 +0530 Thu, 19 May 2022 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3214 The tribunal upheld the duty demand for the balance of show cause notices, except for one barred by limitation. Penalties imposed on the appellants were set aside for the remaining notices due to the appellant's genuine belief, proactive approach, lack of malafide intent, and past judicial decisions supporting their entitlement to exemption under the notification. The tribunal found penalties unsustainable under Section 11AC, referencing precedents where penalties were unwarranted for provisional assessments and notices issued within the normal limitation period. Case-Laws Central Excise Tue, 15 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3214