https://www.taxtmi.com/caselaws?id=206887 The Tribunal held that the imposition of penalty under Section 11AC was unsustainable due to the lack of determination of duty under Section 11A(2) and the revenue-neutral nature of the transaction. However, the demand for recovery of interest under Section 11AB was deemed sustainable for the period from 11/05/2001 onwards. The appeal was disposed of accordingly, with the penalty under Section 11AC being overturned and the interest recovery upheld. en-us Thu, 13 Oct 2011 00:00:00 +0530 Wed, 04 Apr 2012 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206887 The Tribunal held that the imposition of penalty under Section 11AC was unsustainable due to the lack of determination of duty under Section 11A(2) and the revenue-neutral nature of the transaction. However, the demand for recovery of interest under Section 11AB was deemed sustainable for the period from 11/05/2001 onwards. The appeal was disposed of accordingly, with the penalty under Section 11AC being overturned and the interest recovery upheld. Case-Laws Central Excise Thu, 13 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206887