https://www.taxtmi.com/caselaws?id=51541 Penalty was held unwarranted where the dispute concerned only the correct tariff classification of medicaments under competing sub-headings. The Tribunal treated the matter as a bona fide difference of opinion on classification, not as suppression of facts or culpable misstatement. On that basis, the assessee's unsuccessful classification claim did not, by itself, attract penalty, and the deletion of penalty was sustained while the Revenue's challenge failed. en-us Fri, 23 Aug 2002 00:00:00 +0530 Sat, 25 Sep 2010 13:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51541 Penalty was held unwarranted where the dispute concerned only the correct tariff classification of medicaments under competing sub-headings. The Tribunal treated the matter as a bona fide difference of opinion on classification, not as suppression of facts or culpable misstatement. On that basis, the assessee's unsuccessful classification claim did not, by itself, attract penalty, and the deletion of penalty was sustained while the Revenue's challenge failed. Case-Laws Central Excise Fri, 23 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51541