2017 (11) TMI 1379

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....Advocate for the Appellant Shri S. 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. (I....

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....the Central Excise Act. Being aggrieved the 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 t....