Relief to Indian Oil Corporation: CESTAT deletes Penalty for alleged Excise Duty [Read Order]

Indian Oil Corporation - CESTAT - Penalty - Evasion - Excise Duty - taxscan

In a significant ruling, in favour of Indian Oil Corporation, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that in absence of violation of the rule to evade tax will not invoke penalty under Rule 173Q and quashed the penalty. The Appellant appealed before the Supreme Court against…

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