https://www.taxtmi.com/caselaws?id=345730 The tribunal upheld penalties under Section 11AC of the Central Excise Act, 1944 against the appellant for non-inclusion of ready mix concrete turnover in availing SSI exemption benefit. The tribunal found the appellant's failure to disclose turnover intentional, rejecting the claim of a bona fide mistake. Emphasizing the lack of evidence supporting the appellant's contention and the history of substantial turnover, the tribunal upheld the penalty equal to the duty amount, citing the deliberate evasion of duty. Transparency in compliance and disclosure of relevant facts were underscored, leading to the dismissal of the appeal. en-us Wed, 05 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345730 The tribunal upheld penalties under Section 11AC of the Central Excise Act, 1944 against the appellant for non-inclusion of ready mix concrete turnover in availing SSI exemption benefit. The tribunal found the appellant's failure to disclose turnover intentional, rejecting the claim of a bona fide mistake. Emphasizing the lack of evidence supporting the appellant's contention and the history of substantial turnover, the tribunal upheld the penalty equal to the duty amount, citing the deliberate evasion of duty. Transparency in compliance and disclosure of relevant facts were underscored, leading to the dismissal of the appeal. Case-Laws Central Excise Wed, 05 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345730