https://www.taxtmi.com/caselaws?id=116656 Penal interest under Section 11AB of the Central Excise Act was described as inapplicable where credit was taken by mistake, the error was corrected immediately, and the amount was voluntarily paid and disclosed to the authorities. The text states that the levy depended on a duty demand and confirmation under Section 11A, together with wilful suppression, misstatement, or fraud. As the conduct was treated as bona fide rectification and no mala fides were found, the conditions for interest were not met and recovery was not justified. en-us Tue, 08 Nov 2005 00:00:00 +0530 Thu, 14 Jun 2012 15:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116656 Penal interest under Section 11AB of the Central Excise Act was described as inapplicable where credit was taken by mistake, the error was corrected immediately, and the amount was voluntarily paid and disclosed to the authorities. The text states that the levy depended on a duty demand and confirmation under Section 11A, together with wilful suppression, misstatement, or fraud. As the conduct was treated as bona fide rectification and no mala fides were found, the conditions for interest were not met and recovery was not justified. Case-Laws Central Excise Tue, 08 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116656