https://www.taxtmi.com/caselaws?id=247234 The High Court partially allowed the appeal, confirming the Tribunal's decision on penalty but setting aside the cancellation of interest. The Court emphasized that non-payment of duty triggers interest liability and that if duty and interest are paid before notice service, subsequent notice issuance is without jurisdiction. The Court directed the recalibration of interest calculation for each year separately at 15% till the payment date and ordered the refund of excess amount to the assessee. Each party was to bear their own costs, and the substantial question of law was deemed unnecessary for consideration. en-us Thu, 22 Sep 2011 00:00:00 +0530 Tue, 06 May 2014 09:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247234 The High Court partially allowed the appeal, confirming the Tribunal's decision on penalty but setting aside the cancellation of interest. The Court emphasized that non-payment of duty triggers interest liability and that if duty and interest are paid before notice service, subsequent notice issuance is without jurisdiction. The Court directed the recalibration of interest calculation for each year separately at 15% till the payment date and ordered the refund of excess amount to the assessee. Each party was to bear their own costs, and the substantial question of law was deemed unnecessary for consideration. Case-Laws Customs Thu, 22 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247234