https://www.taxtmi.com/caselaws?id=368499 The tribunal overturned the penalty imposed on the appellant under Section 11AC of the Central Excise Act, considering the absence of mala fide intent, proper recording of transactions, and the substantial penal interest already paid. The appellant's genuine belief that duty was not required on the scrap from damaged goods, along with the payment of confirmed demand and interest, led to the penalty being set aside while the demand and interest payment were upheld. en-us Wed, 19 Sep 2018 00:00:00 +0530 Mon, 17 Feb 2020 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368499 The tribunal overturned the penalty imposed on the appellant under Section 11AC of the Central Excise Act, considering the absence of mala fide intent, proper recording of transactions, and the substantial penal interest already paid. The appellant's genuine belief that duty was not required on the scrap from damaged goods, along with the payment of confirmed demand and interest, led to the penalty being set aside while the demand and interest payment were upheld. Case-Laws Central Excise Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368499