https://www.taxtmi.com/caselaws?id=110417 Penalty under Rule 173Q of the Central Excise Rules was held unsustainable where the assessee had disclosed the valuation method, filed the relevant returns and documents, and promptly debited and paid the differential duty when pointed out by the department. The availability of equivalent Modvat credit in the recipient plant negatived any inference of deliberate evasion, and the record showed no material indicating an intention to evade duty. Penalty could not be justified merely because delayed payment caused loss of interest. The impugned penalty order was set aside. en-us Thu, 11 Dec 2003 00:00:00 +0530 Mon, 16 Apr 2012 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110417 Penalty under Rule 173Q of the Central Excise Rules was held unsustainable where the assessee had disclosed the valuation method, filed the relevant returns and documents, and promptly debited and paid the differential duty when pointed out by the department. The availability of equivalent Modvat credit in the recipient plant negatived any inference of deliberate evasion, and the record showed no material indicating an intention to evade duty. Penalty could not be justified merely because delayed payment caused loss of interest. The impugned penalty order was set aside. Case-Laws Central Excise Thu, 11 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110417