https://www.taxtmi.com/caselaws?id=362383 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, on the appellant, a government-owned entity. The Tribunal found that the appellant had cooperated with the audit process, promptly paid the duty upon realizing their ineligibility for exemption, and had no intent to evade payment of duty. As the specific elements required for imposing penalties were absent, the Tribunal ruled in favor of the appellant, allowing their appeal and granting any consequential reliefs. en-us Wed, 23 May 2018 00:00:00 +0530 Mon, 25 Jun 2018 09:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362383 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, on the appellant, a government-owned entity. The Tribunal found that the appellant had cooperated with the audit process, promptly paid the duty upon realizing their ineligibility for exemption, and had no intent to evade payment of duty. As the specific elements required for imposing penalties were absent, the Tribunal ruled in favor of the appellant, allowing their appeal and granting any consequential reliefs. Case-Laws Central Excise Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362383