https://www.taxtmi.com/caselaws?id=121512 The Tribunal set aside the penalty imposed on the appellants for duty payment oversight as they promptly paid the outstanding amount upon realizing the mistake, with no challenge to duty or interest liability. The Tribunal recognized the genuine mistake made out of oversight, noting the prompt payment of duties and the neutralization of any benefit accrued by delayed payment through interest liability. Consequently, the penalty was overturned due to the bona fide nature of the error and the timely rectification by the appellants. en-us Wed, 21 Mar 2007 00:00:00 +0530 Tue, 31 Jul 2012 12:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121512 The Tribunal set aside the penalty imposed on the appellants for duty payment oversight as they promptly paid the outstanding amount upon realizing the mistake, with no challenge to duty or interest liability. The Tribunal recognized the genuine mistake made out of oversight, noting the prompt payment of duties and the neutralization of any benefit accrued by delayed payment through interest liability. Consequently, the penalty was overturned due to the bona fide nature of the error and the timely rectification by the appellants. Case-Laws Central Excise Wed, 21 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121512