https://www.taxtmi.com/caselaws?id=334845 Duty liability was accepted, but exemption had been availed after the goods were removed from the exemption list under a claimed bona fide mistake. As the clearances were reflected in statutory records and there was a breach of Central Excise law without circumstances justifying a punitive response, the penalty was reduced from the higher amount to a nominal sum of Rs. 5,000. On interest, the absence of suppression, misdeclaration, or similar incriminating conduct meant that interest under Section 11AB of the Central Excise Act, 1944 was not sustainable on the facts found, and the interest demand was set aside. en-us Fri, 14 Oct 2016 00:00:00 +0530 Tue, 22 Nov 2016 12:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334845 Duty liability was accepted, but exemption had been availed after the goods were removed from the exemption list under a claimed bona fide mistake. As the clearances were reflected in statutory records and there was a breach of Central Excise law without circumstances justifying a punitive response, the penalty was reduced from the higher amount to a nominal sum of Rs. 5,000. On interest, the absence of suppression, misdeclaration, or similar incriminating conduct meant that interest under Section 11AB of the Central Excise Act, 1944 was not sustainable on the facts found, and the interest demand was set aside. Case-Laws Central Excise Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334845