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Central Excise - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Levy of penalty - Revenue neutrality - entire excise is revenue ...


Penalty u/s 11AC Overturned Due to Revenue Neutrality in Excise Duty Case.

June 14, 2018

Case Laws     Central Excise     AT

Levy of penalty - Revenue neutrality - entire excise is revenue neutral as neither the assessee stands to loose anything by paying higher duty nor the Revenue stands to gain anything by the appellant’s adoption of lower assessable value - penalty u/s 11AC set aside

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