https://www.taxtmi.com/caselaws?id=174196 The Tribunal could not set aside the statutory consequences merely because a similar matter was pending before the Supreme Court, since the binding effect of the Supreme Court's ruling in connected matters had removed the basis for reducing those consequences. Once the duty demand stood confirmed, the statute required mandatory imposition of interest and penalty, leaving no discretion to reduce or waive them. The reduction of interest and penalty was therefore inconsistent with the statutory mandate and bad in law. The departmental appeal succeeded, and the order reducing the statutory consequences was set aside. en-us Fri, 06 Jan 2012 00:00:00 +0530 Sat, 03 Oct 2015 11:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174196 The Tribunal could not set aside the statutory consequences merely because a similar matter was pending before the Supreme Court, since the binding effect of the Supreme Court's ruling in connected matters had removed the basis for reducing those consequences. Once the duty demand stood confirmed, the statute required mandatory imposition of interest and penalty, leaving no discretion to reduce or waive them. The reduction of interest and penalty was therefore inconsistent with the statutory mandate and bad in law. The departmental appeal succeeded, and the order reducing the statutory consequences was set aside. Case-Laws Central Excise Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174196