2017 (2) TMI 437 - CESTAT BANGALORE - Central Excise

Head Note / Extract:
Imposition of penalty - clearance of goods under SSI exemption without payment of excise duty even after crossing the SSI exemption limit of ₹ 1/- crore as specified under Notification No.8/2003 dated 1.3.2003 - Held that: - reliance placed in the case of RASHTRIYA ISPAT NIGAM LTD. Versus COMMISSIONER OF C. EX., VISAKHAPATNAM [2002 (11) TMI 234 - CEGAT, BANGALORE], where it was held that penalty is not imposable when duty demand is deposited before the issue of show-cause notice - appeal dismissed - decided against Revenue.