https://www.taxtmi.com/caselaws?id=120456 Financial hardship did not excuse non-payment of central excise duty on cleared goods, and the unpaid duty and interest were confirmed because the assessee had not discharged the liability on the clearances in question. However, as the clearances were properly recorded and there was no material showing deliberate evasion, absence of mala fide justified only reduction, not deletion, of penalty. The penalty was accordingly reduced, while the duty, interest, and small duty demands were upheld. en-us Wed, 08 Nov 2006 00:00:00 +0530 Fri, 20 Jul 2012 11:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120456 Financial hardship did not excuse non-payment of central excise duty on cleared goods, and the unpaid duty and interest were confirmed because the assessee had not discharged the liability on the clearances in question. However, as the clearances were properly recorded and there was no material showing deliberate evasion, absence of mala fide justified only reduction, not deletion, of penalty. The penalty was accordingly reduced, while the duty, interest, and small duty demands were upheld. Case-Laws Central Excise Wed, 08 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120456