https://www.taxtmi.com/caselaws?id=337414 The tribunal waived the penalty imposed under section 11AC on the appellant for the misclassification of Soya Gum, as the appellant paid the differential duty and interest before the Show Cause Notice was issued. The judgment underscores the significance of precise product classification and description for excise duty, emphasizing the repercussions of misstatement or suppression of facts, and elucidating the penalty imposition provisions in such scenarios. en-us Tue, 03 Jan 2017 00:00:00 +0530 Tue, 17 Jan 2017 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337414 The tribunal waived the penalty imposed under section 11AC on the appellant for the misclassification of Soya Gum, as the appellant paid the differential duty and interest before the Show Cause Notice was issued. The judgment underscores the significance of precise product classification and description for excise duty, emphasizing the repercussions of misstatement or suppression of facts, and elucidating the penalty imposition provisions in such scenarios. Case-Laws Central Excise Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337414