https://www.taxtmi.com/caselaws?id=115566 The Appellate Tribunal, CESTAT, New Delhi granted the stay application in favor of the appellants based on a precedent set by a Larger Bench decision, finding the penalty imposed on them invalid as the duty was paid before the show cause notice, precluding the imposition of penalty and interest. The demand for differential interest was also overturned due to incorrect calculation and application of interest rates. Consequently, the appellants' appeal was allowed, and the impugned order regarding penalty and interest was set aside, providing them with consequential relief in accordance with the law. en-us Thu, 07 Jul 2005 00:00:00 +0530 Thu, 31 May 2012 10:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115566 The Appellate Tribunal, CESTAT, New Delhi granted the stay application in favor of the appellants based on a precedent set by a Larger Bench decision, finding the penalty imposed on them invalid as the duty was paid before the show cause notice, precluding the imposition of penalty and interest. The demand for differential interest was also overturned due to incorrect calculation and application of interest rates. Consequently, the appellants' appeal was allowed, and the impugned order regarding penalty and interest was set aside, providing them with consequential relief in accordance with the law. Case-Laws Central Excise Thu, 07 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115566