https://www.taxtmi.com/caselaws?id=352918 The tribunal held that penalties imposed on the appellants under Section 11AC of the Central Excise Act and Rule 26 of the Central Excise Rules were not justified as there was no evidence of fraud or willful misstatement. Citing legal precedents, the tribunal concluded that penalties were not imposable, ultimately ruling in favor of the appellants and setting aside the impugned order. en-us Mon, 06 Nov 2017 00:00:00 +0530 Mon, 25 Dec 2017 08:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352918 The tribunal held that penalties imposed on the appellants under Section 11AC of the Central Excise Act and Rule 26 of the Central Excise Rules were not justified as there was no evidence of fraud or willful misstatement. Citing legal precedents, the tribunal concluded that penalties were not imposable, ultimately ruling in favor of the appellants and setting aside the impugned order. Case-Laws Central Excise Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352918