https://www.taxtmi.com/caselaws?id=211486 Interest was payable on differential duty paid after clearance of goods because the additional duty arose from a classification dispute and was discharged only subsequently, making the payment delayed. Penalty was not sustainable because the assessee had adopted a classification heading and no evidence showed suppression of material facts or misdeclaration with intent to evade duty. The legal effect was that the interest demand was sustained, while the penalty was set aside. en-us Tue, 23 Aug 2011 00:00:00 +0530 Fri, 13 Jan 2012 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211486 Interest was payable on differential duty paid after clearance of goods because the additional duty arose from a classification dispute and was discharged only subsequently, making the payment delayed. Penalty was not sustainable because the assessee had adopted a classification heading and no evidence showed suppression of material facts or misdeclaration with intent to evade duty. The legal effect was that the interest demand was sustained, while the penalty was set aside. Case-Laws Customs Tue, 23 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211486