https://www.taxtmi.com/caselaws?id=334915 The Tribunal found that the penalty imposed under Section 11AC on the appellant, a manufacturer of concrete weight coated pipes, was unjustified. The appellant had paid the duty promptly, with no suppression or delay, coinciding with the re-transfer of capital goods. The Tribunal emphasized the importance of timely duty payments and clear correlation between transactions to avoid penalties. It highlighted the need for proper documentation and adherence to procedural requirements to prevent unjust penalties based on allegations of fraud. The appeal was allowed in favor of the appellant, with consequential reliefs granted. en-us Tue, 20 Sep 2016 00:00:00 +0530 Wed, 23 Nov 2016 13:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334915 The Tribunal found that the penalty imposed under Section 11AC on the appellant, a manufacturer of concrete weight coated pipes, was unjustified. The appellant had paid the duty promptly, with no suppression or delay, coinciding with the re-transfer of capital goods. The Tribunal emphasized the importance of timely duty payments and clear correlation between transactions to avoid penalties. It highlighted the need for proper documentation and adherence to procedural requirements to prevent unjust penalties based on allegations of fraud. The appeal was allowed in favor of the appellant, with consequential reliefs granted. Case-Laws Central Excise Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334915