https://www.taxtmi.com/caselaws?id=2194 The Tribunal ruled in favor of the appellant, a leading car manufacturer, in a case involving liability for penalty under Section 11AC and interest under Section 11AB of the Central Excise Act. Despite discrepancies in stock verifications, the Tribunal found no evidence of intentional suppression or misstatement to evade duty. The Tribunal emphasized that duty payment before the Show Cause Notice issuance does not automatically warrant penalty and interest under Section 11AC. Consequently, the appeal was allowed, and the penalty and interest were set aside. en-us Mon, 21 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2194 The Tribunal ruled in favor of the appellant, a leading car manufacturer, in a case involving liability for penalty under Section 11AC and interest under Section 11AB of the Central Excise Act. Despite discrepancies in stock verifications, the Tribunal found no evidence of intentional suppression or misstatement to evade duty. The Tribunal emphasized that duty payment before the Show Cause Notice issuance does not automatically warrant penalty and interest under Section 11AC. Consequently, the appeal was allowed, and the penalty and interest were set aside. Case-Laws Central Excise Mon, 21 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2194