https://www.taxtmi.com/caselaws?id=201526 Short-paid excise duty attracted statutory interest under Section 11AB because the duty short payment was undisputed and interest followed mandatorily from the demand sustained in law. Penalty under Section 11AC was not sustainable because the factual finding showed that the short payment arose from the assessee's ignorance and not from the conditions required for penal liability. The duty and interest demands were therefore upheld, while the penalty was deleted, granting partial relief to the assessee. en-us Mon, 07 Sep 2009 00:00:00 +0530 Thu, 13 Jan 2011 16:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201526 Short-paid excise duty attracted statutory interest under Section 11AB because the duty short payment was undisputed and interest followed mandatorily from the demand sustained in law. Penalty under Section 11AC was not sustainable because the factual finding showed that the short payment arose from the assessee's ignorance and not from the conditions required for penal liability. The duty and interest demands were therefore upheld, while the penalty was deleted, granting partial relief to the assessee. Case-Laws Central Excise Mon, 07 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201526