https://www.taxtmi.com/caselaws?id=354784 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act, 1944, due to the appellant's mistaken interpretation of the law when clearing inputs "as such." The excess duty payment was deemed a result of misinterpretation, leading to the penalty being overturned while upholding the duty demand and interest. The appeal was allowed with the penalties being removed, maintaining the duty demand and interest as per the Tribunal's decision. en-us Thu, 02 Nov 2017 00:00:00 +0530 Mon, 05 Feb 2018 07:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354784 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act, 1944, due to the appellant's mistaken interpretation of the law when clearing inputs "as such." The excess duty payment was deemed a result of misinterpretation, leading to the penalty being overturned while upholding the duty demand and interest. The appeal was allowed with the penalties being removed, maintaining the duty demand and interest as per the Tribunal's decision. Case-Laws Central Excise Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354784