https://www.taxtmi.com/caselaws?id=204523 The Appellate Tribunal CESTAT, CHENNAI, upheld the Commissioner (Appeals) decision to set aside the penalty and interest imposed on the assessees. The assessees paid the differential duty before the show-cause notice, indicating no intention to evade duty payment. The availability of the differential duty as credit to the assessees distinguished this case from precedent. The assessees were found eligible to take credit, absolving them from penalty and interest. The assessees were not liable for interest under Section 11AB(2) due to the duty being paid before the Finance Act, 2001. The Tribunal rejected the appeal and cross-objection. en-us Tue, 10 Aug 2010 00:00:00 +0530 Fri, 27 May 2011 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204523 The Appellate Tribunal CESTAT, CHENNAI, upheld the Commissioner (Appeals) decision to set aside the penalty and interest imposed on the assessees. The assessees paid the differential duty before the show-cause notice, indicating no intention to evade duty payment. The availability of the differential duty as credit to the assessees distinguished this case from precedent. The assessees were found eligible to take credit, absolving them from penalty and interest. The assessees were not liable for interest under Section 11AB(2) due to the duty being paid before the Finance Act, 2001. The Tribunal rejected the appeal and cross-objection. Case-Laws Central Excise Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204523