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2010 (3) TMI 401 - CESTAT, NEW DELHIPenalty- the appellant is a manufacturer of excisable goods such as transformer tanks, high pressure valves, pipe fittings. Show cause notice was issued to the appellants on 11-12-2006 proposing confiscation of 6 columns and also for demanding duty of Rs. 80,730/- on 18 columns and raw materials and consumables supplied totalling valued Rs. 4,94,672/- along with interest and proposing penalty. Held that- duty liability and interest not disputed. No case that goods removed without preparing any document. No mens rea involved. Submission of bonafide belief acceptable. Penalty imposed under section 11AC of Central Excise Act, 1944 set aside. Redemption fine also set aside.
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