https://www.taxtmi.com/caselaws?id=441334 The Tribunal set aside the penalty imposed on the Appellant under Rule 209A of the Central Excise Rules, 1944, for supplying an Induction Furnace of 4 M.T instead of 6 M.T. The Tribunal found that the Appellant rectified the duty underpayment voluntarily before the Show Cause Notice was issued, and there was no evidence of abetment. It was held that penalties under Rule 209A are not applicable to corporate bodies, based on precedents. As a result, the appeal was allowed, and the penalty was overturned. 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 The Tribunal set aside the penalty imposed on the Appellant under Rule 209A of the Central Excise Rules, 1944, for supplying an Induction Furnace of 4 M.T instead of 6 M.T. The Tribunal found that the Appellant rectified the duty underpayment voluntarily before the Show Cause Notice was issued, and there was no evidence of abetment. It was held that penalties under Rule 209A are not applicable to corporate bodies, based on precedents. As a result, the appeal was allowed, and the penalty was overturned. Case-Laws Central Excise Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441334