https://www.taxtmi.com/caselaws?id=340848 The Tribunal allowed the appeal under Section 35F of the Central Excise Act, setting aside the penalty imposed on ICICI Bank Ltd. The case involved allegations of the bank's involvement in procuring forged certificates for exemption from excise duty, leading to duty evasion by manufacturers. The Tribunal found that there was no direct evidence implicating the bank in the forgery, and as the penalty was based on abetting forgery under a provision that was not applicable during the relevant period, the penalty on the bank was overturned. en-us Mon, 23 Jan 2017 00:00:00 +0530 Tue, 28 Mar 2017 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340848 The Tribunal allowed the appeal under Section 35F of the Central Excise Act, setting aside the penalty imposed on ICICI Bank Ltd. The case involved allegations of the bank's involvement in procuring forged certificates for exemption from excise duty, leading to duty evasion by manufacturers. The Tribunal found that there was no direct evidence implicating the bank in the forgery, and as the penalty was based on abetting forgery under a provision that was not applicable during the relevant period, the penalty on the bank was overturned. Case-Laws Central Excise Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340848