https://www.taxtmi.com/caselaws?id=185042 Bona fide belief that the goods were exempt justified refusal of equal penalty and interest on the duty already paid before issue of the show-cause notice, while only the balance duty demand was confirmed. The Tribunal noted that the lower authorities relied on a Larger Bench ruling and that no material was produced to dislodge that view. It was also relevant that the assessee had paid more duty than was actually due because relief under Section 4(4)(d)(ii) of the Central Excise Act, 1944 had not been granted, and no appeal was filed by the assessee on that aspect. The Revenue's appeal was dismissed. en-us Fri, 18 Jan 2008 00:00:00 +0530 Thu, 28 Jul 2016 17:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185042 Bona fide belief that the goods were exempt justified refusal of equal penalty and interest on the duty already paid before issue of the show-cause notice, while only the balance duty demand was confirmed. The Tribunal noted that the lower authorities relied on a Larger Bench ruling and that no material was produced to dislodge that view. It was also relevant that the assessee had paid more duty than was actually due because relief under Section 4(4)(d)(ii) of the Central Excise Act, 1944 had not been granted, and no appeal was filed by the assessee on that aspect. The Revenue's appeal was dismissed. Case-Laws Central Excise Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185042