https://www.taxtmi.com/caselaws?id=32022 The Tribunal found that the appellants' failure to pay duty was due to ignorance of their new liability, without any intent to evade. Relying on the Hindustan Steel Ltd. case, it held that penalties should be imposed judiciously, especially in cases of technical breaches or genuine belief in compliance. Consequently, the penalties and interest imposed under Sections 11AC and 11AB were deemed unjustified. The impugned order was set aside, the appeal allowed, and the case remanded to re-quantify the duty within the normal period, with penalties and interest vacated. en-us Tue, 19 Aug 2008 00:00:00 +0530 Thu, 08 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32022 The Tribunal found that the appellants' failure to pay duty was due to ignorance of their new liability, without any intent to evade. Relying on the Hindustan Steel Ltd. case, it held that penalties should be imposed judiciously, especially in cases of technical breaches or genuine belief in compliance. Consequently, the penalties and interest imposed under Sections 11AC and 11AB were deemed unjustified. The impugned order was set aside, the appeal allowed, and the case remanded to re-quantify the duty within the normal period, with penalties and interest vacated. Case-Laws Central Excise Tue, 19 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32022