https://www.taxtmi.com/caselaws?id=441334 Penalty under Rule 209A of the Central Excise Rules, 1944 was found unsustainable where a corporate assessee had short-paid duty inadvertently, paid the differential duty with interest before notice, and no evidence of knowing abetment was established. The Tribunal treated the provision as one targeting a person who knowingly deals with goods liable to confiscation and followed the view that its equivalent penalty framework is not applied to a corporate body in the same manner as to an individual. The penalty was accordingly set aside. en-us Mon, 31 Jul 2023 00:00:00 +0530 Sat, 05 Aug 2023 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441334 Penalty under Rule 209A of the Central Excise Rules, 1944 was found unsustainable where a corporate assessee had short-paid duty inadvertently, paid the differential duty with interest before notice, and no evidence of knowing abetment was established. The Tribunal treated the provision as one targeting a person who knowingly deals with goods liable to confiscation and followed the view that its equivalent penalty framework is not applied to a corporate body in the same manner as to an individual. The penalty was accordingly set aside. Case-Laws Central Excise Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441334