https://www.taxtmi.com/caselaws?id=50473 Penalty under Rule 173Q for failure to file a classification list for fully exempt goods was found unsustainable where the assessee had filed the list immediately after the omission was pointed out. The record showed no revenue loss, no contumacious conduct, and no deliberate defiance of law. Penalty proceedings were treated as quasi-criminal in nature, and although mens rea may not be required in every case, penalty is not ordinarily justified without conscious disregard of duty or dishonest conduct. On these facts, the ingredients for penalty were absent, and the penalty was set aside. en-us Mon, 26 Feb 2001 00:00:00 +0530 Mon, 23 Aug 2010 10:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50473 Penalty under Rule 173Q for failure to file a classification list for fully exempt goods was found unsustainable where the assessee had filed the list immediately after the omission was pointed out. The record showed no revenue loss, no contumacious conduct, and no deliberate defiance of law. Penalty proceedings were treated as quasi-criminal in nature, and although mens rea may not be required in every case, penalty is not ordinarily justified without conscious disregard of duty or dishonest conduct. On these facts, the ingredients for penalty were absent, and the penalty was set aside. Case-Laws Central Excise Mon, 26 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50473