https://www.taxtmi.com/caselaws?id=363004 The Tribunal dismissed the Revenue's appeal in a Central Excise duty case where the respondent, a chemical manufacturer, was found to have under-assessed finished products, resulting in short payment of duty. The Commissioner (Appeals) had set aside the penalty imposed under section 11AC, ruling lack of intent to evade duty. The Tribunal concurred, noting the absence of concrete evidence supporting suppression allegations. Previous cases were referenced to establish lack of suppression, emphasizing the necessity of factual assessment and adherence to valuation rules in excise duty matters. Penalty under section 11AC was deemed inapplicable without evidence of suppression. en-us Wed, 21 Mar 2018 00:00:00 +0530 Sat, 07 Jul 2018 06:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363004 The Tribunal dismissed the Revenue's appeal in a Central Excise duty case where the respondent, a chemical manufacturer, was found to have under-assessed finished products, resulting in short payment of duty. The Commissioner (Appeals) had set aside the penalty imposed under section 11AC, ruling lack of intent to evade duty. The Tribunal concurred, noting the absence of concrete evidence supporting suppression allegations. Previous cases were referenced to establish lack of suppression, emphasizing the necessity of factual assessment and adherence to valuation rules in excise duty matters. Penalty under section 11AC was deemed inapplicable without evidence of suppression. Case-Laws Central Excise Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363004