https://www.taxtmi.com/caselaws?id=337284 The tribunal upheld the decision to drop the penalty imposed under Section 11AC of the Central Excise Act, 1944 against the respondent for not maintaining separate accounts of inputs used in manufacturing dutiable and exempted final products. It was ruled that since no duty was determined under Section 11A(2B) of the Act, the penalty could not be imposed, aligning with precedents and legal provisions. The tribunal dismissed the appeal by the Revenue, emphasizing the necessity of duty determination for imposing penalties under the Act. en-us Thu, 27 Oct 2016 00:00:00 +0530 Mon, 20 Feb 2017 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337284 The tribunal upheld the decision to drop the penalty imposed under Section 11AC of the Central Excise Act, 1944 against the respondent for not maintaining separate accounts of inputs used in manufacturing dutiable and exempted final products. It was ruled that since no duty was determined under Section 11A(2B) of the Act, the penalty could not be imposed, aligning with precedents and legal provisions. The tribunal dismissed the appeal by the Revenue, emphasizing the necessity of duty determination for imposing penalties under the Act. Case-Laws Central Excise Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337284