https://www.taxtmi.com/caselaws?id=244822 The Tribunal allowed the appellant's appeal against a demand and penalty under Section 11AC of the Central Excise Act, setting aside the penalty imposition while dismissing the Revenue's appeal. The Tribunal emphasized the circumstances of clearing sugar as directed by the government, the subsequent treatment of the loan quantity as Free Sale Sugar, reimbursement of the differential duty, and the absence of intent to evade duty payment. Interest was held payable from the date of clearance to the date of duty payment due to amendments in the relevant sections of the Central Excise Act. en-us Fri, 21 Jun 2013 00:00:00 +0530 Mon, 10 Mar 2014 10:09:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244822 The Tribunal allowed the appellant's appeal against a demand and penalty under Section 11AC of the Central Excise Act, setting aside the penalty imposition while dismissing the Revenue's appeal. The Tribunal emphasized the circumstances of clearing sugar as directed by the government, the subsequent treatment of the loan quantity as Free Sale Sugar, reimbursement of the differential duty, and the absence of intent to evade duty payment. Interest was held payable from the date of clearance to the date of duty payment due to amendments in the relevant sections of the Central Excise Act. Case-Laws Central Excise Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244822