https://www.taxtmi.com/caselaws?id=345129 The Court dismissed the appeal against the CESTAT judgment quashing the penalty under Section 11AC of the Central Excise Act, 1944. The Court found that the Assessee rectified the mistake by paying duty through credit reversal before any show cause notice, demonstrating no intent to evade duty. Citing relevant precedents, the Court concluded that Section 11AC penalties are for deliberate deception to evade duty, which was not the case here. As no substantial legal questions arose, the appeal was dismissed without costs. en-us Sat, 01 Jul 2017 00:00:00 +0530 Mon, 10 Jul 2017 10:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345129 The Court dismissed the appeal against the CESTAT judgment quashing the penalty under Section 11AC of the Central Excise Act, 1944. The Court found that the Assessee rectified the mistake by paying duty through credit reversal before any show cause notice, demonstrating no intent to evade duty. Citing relevant precedents, the Court concluded that Section 11AC penalties are for deliberate deception to evade duty, which was not the case here. As no substantial legal questions arose, the appeal was dismissed without costs. Case-Laws Central Excise Sat, 01 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345129