https://www.taxtmi.com/caselaws?id=112581 The appellate tribunal ruled in favor of the appellant, holding that interest under Section 11AB cannot be demanded when duty is paid before a show cause notice is issued. Additionally, the tribunal overturned the penalty imposed on the appellant, as the duty was promptly paid upon notification of the correct assessable value calculation, thus finding no valid reason for the penalty. The judgment clarified the legal position on interest and penalties in such scenarios, ultimately setting aside the penalties and interest while confirming the payment of the differential duty. en-us Fri, 20 Aug 2004 00:00:00 +0530 Mon, 30 Apr 2012 16:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112581 The appellate tribunal ruled in favor of the appellant, holding that interest under Section 11AB cannot be demanded when duty is paid before a show cause notice is issued. Additionally, the tribunal overturned the penalty imposed on the appellant, as the duty was promptly paid upon notification of the correct assessable value calculation, thus finding no valid reason for the penalty. The judgment clarified the legal position on interest and penalties in such scenarios, ultimately setting aside the penalties and interest while confirming the payment of the differential duty. Case-Laws Central Excise Fri, 20 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112581