https://www.taxtmi.com/caselaws?id=77375 The court ruled in favor of the assessee, dismissing the Revenue's appeal to recover interest and penalty for delayed duty payment under an exemption notification. The court found the proceedings time-barred as the show cause notice lacked essential allegations and was issued four years after duty payment, contrary to statutory requirements. Emphasizing the need for adjudication involving fraud or willful default before levying interest and penalty, the court held that Revenue failed to meet these conditions, thus preventing the imposition of financial obligations on the assessee. en-us Fri, 12 Mar 2010 00:00:00 +0530 Fri, 10 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77375 The court ruled in favor of the assessee, dismissing the Revenue's appeal to recover interest and penalty for delayed duty payment under an exemption notification. The court found the proceedings time-barred as the show cause notice lacked essential allegations and was issued four years after duty payment, contrary to statutory requirements. Emphasizing the need for adjudication involving fraud or willful default before levying interest and penalty, the court held that Revenue failed to meet these conditions, thus preventing the imposition of financial obligations on the assessee. Case-Laws Central Excise Fri, 12 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77375