https://www.taxtmi.com/caselaws?id=299428 The Appellate Tribunal CEGAT Kolkata upheld the imposition of a penalty on M/s Indian Oil Blending Ltd. for the short payment of duty on excisable goods. Despite the Appellant's argument of voluntary payment upon detection of the error, the Tribunal found that the omission of the upcountry depot surcharge and the subsequent duty payment only after detection constituted suppression of facts under Section 11AC. While reducing the penalty amount to four lakhs, the Tribunal emphasized the need for penalty imposition in line with judicial precedents, ultimately rejecting the appeal. en-us Thu, 27 Jun 2002 00:00:00 +0530 Tue, 14 Dec 2021 14:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299428 The Appellate Tribunal CEGAT Kolkata upheld the imposition of a penalty on M/s Indian Oil Blending Ltd. for the short payment of duty on excisable goods. Despite the Appellant's argument of voluntary payment upon detection of the error, the Tribunal found that the omission of the upcountry depot surcharge and the subsequent duty payment only after detection constituted suppression of facts under Section 11AC. While reducing the penalty amount to four lakhs, the Tribunal emphasized the need for penalty imposition in line with judicial precedents, ultimately rejecting the appeal. Case-Laws Central Excise Thu, 27 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299428