https://www.taxtmi.com/caselaws?id=47778 The High Court dismissed both appeals regarding the classification of a furnace for excise duty assessment. The Court upheld the imposition of a 50% penalty for delayed payment of excise duty, emphasizing that penalties aim to deter such delays and considering the circumstances of the case. The Court held that the provision for penalty was a maximum, not a minimum, and rejected the argument of no mens rea for penalty imposition. The decision of the Commissioner (Appeals) and the Tribunal was upheld, with no substantial question of law found to warrant interference. en-us Thu, 03 Aug 2006 00:00:00 +0530 Fri, 30 Jul 2010 17:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47778 The High Court dismissed both appeals regarding the classification of a furnace for excise duty assessment. The Court upheld the imposition of a 50% penalty for delayed payment of excise duty, emphasizing that penalties aim to deter such delays and considering the circumstances of the case. The Court held that the provision for penalty was a maximum, not a minimum, and rejected the argument of no mens rea for penalty imposition. The decision of the Commissioner (Appeals) and the Tribunal was upheld, with no substantial question of law found to warrant interference. Case-Laws Central Excise Thu, 03 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47778