https://www.taxtmi.com/caselaws?id=231311 The Appellate Tribunal dismissed both appeals, refusing to grant extensions for stay and upholding the imposition of penalties for delayed payment of differential duty. While interest on the duty was subject to confirmation, penalties were deemed justified due to the appellants' delayed payments despite being aware of correct calculations. In Appeal No. E/338/2008, a penalty of Rs. 3,30,000 was upheld, and in Appeal No. E/737/2007, the penalty was reduced from Rs. 10 lakhs to Rs. 4 lakhs. The decision underscored the importance of timely duty payments and the consequences of delayed compliance. en-us Wed, 13 Jun 2012 00:00:00 +0530 Fri, 26 Apr 2013 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=231311 The Appellate Tribunal dismissed both appeals, refusing to grant extensions for stay and upholding the imposition of penalties for delayed payment of differential duty. While interest on the duty was subject to confirmation, penalties were deemed justified due to the appellants' delayed payments despite being aware of correct calculations. In Appeal No. E/338/2008, a penalty of Rs. 3,30,000 was upheld, and in Appeal No. E/737/2007, the penalty was reduced from Rs. 10 lakhs to Rs. 4 lakhs. The decision underscored the importance of timely duty payments and the consequences of delayed compliance. Case-Laws Central Excise Wed, 13 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=231311