2006 (7) TMI 57 - AT - Central Excise

Central Excise - Penalty - Returns, late deposit of return ER-3 - For Assesses the first occasion of filing - Provide him relief against penalty - Nexus of delay with advantage to assessee necessary

Summary

The Appellate Tribunal CESTAT, Mumbai set aside a penalty of Rs. 10,000 imposed on an appellant for delayed filing of return ER-3. The appellant was new to procedures and compliance, and the revenue failed to show any prejudice or loss caused by the delay. The penalty was waived, and the appeal was allowed.