Penalty u/s 114AC not leviable in Absence of Collusion, Wilful Misstatement, Suppression of Facts or even any Duty Liability: CESTAT [Read Order]

Penalty - leviable - in - Absence - of - Collusion - Wilful - Misstatement - Suppression - of - Facts - or - even - any - Duty - Liability - CESTAT - TAXSCAN

The Kolkata Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that penalty under section 114AC of the Excise Act is not leviable in absence of collusion, wilful misstatement, suppression of facts or even any duty liability. A tender was allowed to the appellant M/s Mohata Coal Company Pvt. Ltd for…

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