https://www.taxtmi.com/caselaws?id=271975 The Tribunal set aside the penalty of Rs. 1,00,000 imposed on the Appellant under Rule 8(3A) of the Central Excise Rules, 2002 for non-payment of interest on consignment basis. The Tribunal emphasized that the Appellant's failure was in paying duty on a monthly basis, not evasion, and cited relevant precedents to conclude that the penalty was unwarranted. While upholding the interest payment, the Tribunal allowed the appeal, highlighting the distinction between penalty and interest in this case. en-us Fri, 01 Jan 2016 00:00:00 +0530 Fri, 30 Sep 2016 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271975 The Tribunal set aside the penalty of Rs. 1,00,000 imposed on the Appellant under Rule 8(3A) of the Central Excise Rules, 2002 for non-payment of interest on consignment basis. The Tribunal emphasized that the Appellant's failure was in paying duty on a monthly basis, not evasion, and cited relevant precedents to conclude that the penalty was unwarranted. While upholding the interest payment, the Tribunal allowed the appeal, highlighting the distinction between penalty and interest in this case. Case-Laws Central Excise Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271975