https://www.taxtmi.com/caselaws?id=362653 The Appellate Tribunal CESTAT MUMBAI set aside the penalty imposed on the appellant under Section 11AC of the Central Excise Act and Rule 13 of Cenvat Credit Rules, 2004. The Tribunal found that the appellant's failure to contest demands did not indicate an intention to evade duty payment, as it arose from a misinterpretation of a notification granting exemption to small scale industries. The lower authorities had incorrectly applied penalty provisions, leading to the Tribunal's decision emphasizing the importance of accurately interpreting statutory provisions and notifications to determine penalty applicability. en-us Thu, 15 Mar 2018 00:00:00 +0530 Sat, 30 Jun 2018 08:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362653 The Appellate Tribunal CESTAT MUMBAI set aside the penalty imposed on the appellant under Section 11AC of the Central Excise Act and Rule 13 of Cenvat Credit Rules, 2004. The Tribunal found that the appellant's failure to contest demands did not indicate an intention to evade duty payment, as it arose from a misinterpretation of a notification granting exemption to small scale industries. The lower authorities had incorrectly applied penalty provisions, leading to the Tribunal's decision emphasizing the importance of accurately interpreting statutory provisions and notifications to determine penalty applicability. Case-Laws Central Excise Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362653