2004 (9) TMI 532 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Kolkata allowed the appeal of the appellants as they rectified a bona fide error before the notice was issued. The mistake was in deducting 10% duty on inputs instead of deducting 10% of the assessable value, which was corrected promptly. The Tribunal found it to be a genuine error and ruled in favor of the appellants, stating that it did not warrant a penalty.