https://www.taxtmi.com/caselaws?id=202179 A show-cause notice for recovery of interest and proposal of penalty was held time barred because it was issued after the relevant period and contained no allegation of suppression, misstatement, fraud or collusion. The Tribunal applied the settled principle that interest may arise on delayed duty payment, but limitation remained decisive; once the notice failed on limitation, the foundation for penalty also fell away. The interest demand and penalty were therefore not sustainable, and the dispute was resolved in favour of the assessee on limitation grounds. en-us Mon, 21 Jun 2010 00:00:00 +0530 Wed, 02 Mar 2011 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202179 A show-cause notice for recovery of interest and proposal of penalty was held time barred because it was issued after the relevant period and contained no allegation of suppression, misstatement, fraud or collusion. The Tribunal applied the settled principle that interest may arise on delayed duty payment, but limitation remained decisive; once the notice failed on limitation, the foundation for penalty also fell away. The interest demand and penalty were therefore not sustainable, and the dispute was resolved in favour of the assessee on limitation grounds. Case-Laws Central Excise Mon, 21 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202179