2017 (11) TMI 1379

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.... Govindarajan, AC (AR) for the Respondent ORDER The appellants are manufacturers of various petroleum products and are registered with the Central Excise Department. Besides clearing their products on payment of duty, the appellant also cleared their products under exemption Notification No. 64/95 dated 16.3.195 through M/s. Indian Oil Corporation Ltd. (IOCL) as stores, for consumption on board,....

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....he appellants are before the Tribunal. 2.   On behalf of appellant, ld. counsel Shri M. Kannan submitted that the appellant is not contesting the duty demand or interest thereof but is aggrieved by the imposition of penalty under section 11AC of the Central Excise Act, 1944.  He stressed on the fact that it was merely an inadvertence and there was no suppression with intent to evad....