2021 (2) TMI 201

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..... ount of low tax effect in terms of the circular dated 22.8.2019 issued by the Central Board of Indirect Taxes and Customs. By the said Circular, the monetary limit for filing or pursuing any matter before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit. Appeal is dismissed on the ground of low tax ef .....

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..... ting aside the equal penalty imposed under Section 11AC of the Central Excise Act, 1944 when the fact of recovery of cost of tooling from the customer was not disclosed in the invoices and duty was paid by the assessee much later after the department's inspection only? 3.We have heard Mr.A.P.Srinivas, learned counsel appearing for the appellant/Revenue and Mr.Raghavan Ramabadran, learned .....

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