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<h1>CESTAT directs interest payment & penalty for shortage of goods</h1> The Appellate Tribunal CESTAT, Kolkata allowed the Department's appeal, directing the respondents to pay interest as per law and imposing a penalty of Rs. ... Interest and penalty The Appellate Tribunal CESTAT, Kolkata allowed the Department's appeal against the lower Appellate Authority's decision to waive penalty and interest on duty demand for shortage of finished goods. The respondents were directed to pay interest as per law and a penalty of Rs. 5,000 was imposed.
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