https://www.taxtmi.com/caselaws?id=351500 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act, 1944, on manufacturers of petroleum products for diverting High-Speed Diesel meant for the Navy/Coast Guard to other buyers. Despite confirming the duty demand and interest, the Tribunal found the penalty unjustified as the duty and interest were paid before the show cause notice, emphasizing the inadvertent nature of the error and the appellant's public sector status. The appeal was partly allowed, modifying the order to uphold the duty demand and interest while removing the penalty. en-us Mon, 04 Sep 2017 00:00:00 +0530 Mon, 27 Nov 2017 07:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351500 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act, 1944, on manufacturers of petroleum products for diverting High-Speed Diesel meant for the Navy/Coast Guard to other buyers. Despite confirming the duty demand and interest, the Tribunal found the penalty unjustified as the duty and interest were paid before the show cause notice, emphasizing the inadvertent nature of the error and the appellant's public sector status. The appeal was partly allowed, modifying the order to uphold the duty demand and interest while removing the penalty. Case-Laws Central Excise Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351500