https://www.taxtmi.com/caselaws?id=75244 The appeal was allowed by setting aside both the interest and penalty imposed on the appellant. The court held that the interest under Section 11AB should not be levied when duty credit reversal is due to the destruction of inputs, as in this case. Additionally, the penalty imposition was deemed unwarranted due to the absence of mala fide intent and the natural cause of the loss of goods. The judgment considered the specific circumstances and precedent cases to reach a balanced decision in favor of the appellant. en-us Thu, 09 Jul 2009 00:00:00 +0530 Fri, 02 Apr 2010 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75244 The appeal was allowed by setting aside both the interest and penalty imposed on the appellant. The court held that the interest under Section 11AB should not be levied when duty credit reversal is due to the destruction of inputs, as in this case. Additionally, the penalty imposition was deemed unwarranted due to the absence of mala fide intent and the natural cause of the loss of goods. The judgment considered the specific circumstances and precedent cases to reach a balanced decision in favor of the appellant. Case-Laws Central Excise Thu, 09 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75244