https://www.taxtmi.com/caselaws?id=124752 Penalty on the disputed clearances could not be sustained because the higher court had already negatived the Revenue's challenge in connected proceedings, and the Tribunal was bound to follow that ruling; the assessee therefore succeeded on the penalty issue. Interest already deposited was not open to fresh contest on the same footing and was to be adjusted as recorded in the order. The matter accordingly resulted in relief from penalty, with the pre-paid interest treated as appropriately appropriated. en-us Wed, 13 Aug 2008 00:00:00 +0530 Fri, 05 Oct 2012 13:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124752 Penalty on the disputed clearances could not be sustained because the higher court had already negatived the Revenue's challenge in connected proceedings, and the Tribunal was bound to follow that ruling; the assessee therefore succeeded on the penalty issue. Interest already deposited was not open to fresh contest on the same footing and was to be adjusted as recorded in the order. The matter accordingly resulted in relief from penalty, with the pre-paid interest treated as appropriately appropriated. Case-Laws Central Excise Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124752