2011 (11) TMI 340

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ooperated and paid duty and interest hence an option is given to pay 25% of the duty demanded as penalty within 30 days of receipt of this order. - Decided in favor of Revenue - E/2784 of 2005 - - - Dated:- 1-11-2011 - Shri S.S. Kang, Shri Mathew John, JJ. Appearance: Appeared for Appellant: Shri Sumit Kumar, DR Appeared for Respondent: Shri S. Yadav, Advocate Per Mathew John: .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uty as well as interest. However, he waived the penalty imposed under Section 11AC. Aggrieved by this order of the Commissioner (Appeals), the Revenue is before the Tribunal praying that penalty under Section 11AC may be imposed. 2. The counsel of the Respondent submits that there was no malafide intention and it was only on account of a bonafide interpretation of law that short levy has occurre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X