https://www.taxtmi.com/caselaws?id=364620 The Tribunal allowed the appeal, overturning the penalty imposed under Section 11 AC sub-section (1) (a) of the Central Excise Act. It found the appellant's bonafide conduct, payment of duty and interest, and lack of intent to evade duty as reasons to set aside the penalty. The Tribunal emphasized that mere omission without intent to evade duty does not constitute suppression of facts, citing legal precedents. Given the appellant's honest behavior and absence of malafide intent, the penalty imposition was deemed inapplicable, leading to the penalty's removal. en-us Tue, 31 Jul 2018 00:00:00 +0530 Thu, 02 Aug 2018 07:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364620 The Tribunal allowed the appeal, overturning the penalty imposed under Section 11 AC sub-section (1) (a) of the Central Excise Act. It found the appellant's bonafide conduct, payment of duty and interest, and lack of intent to evade duty as reasons to set aside the penalty. The Tribunal emphasized that mere omission without intent to evade duty does not constitute suppression of facts, citing legal precedents. Given the appellant's honest behavior and absence of malafide intent, the penalty imposition was deemed inapplicable, leading to the penalty's removal. Case-Laws Central Excise Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364620