https://www.taxtmi.com/caselaws?id=2567 Corroborated admissions, stock shortage and supporting employee evidence established clandestine removal of resin, so the duty demand was sustained against the assessee. Interest under Section 11AB was set aside because the duty had become payable before that provision applied in the manner relevant to the case and the corresponding rule was not then in force. The penalty under Section 11AC was upheld as mandatory, but no additional penalty under Rules 173Q and 226 was justified on top of that penalty. The appeal succeeded only to the limited extent of deleting interest and the extra rule-based penalties. en-us Thu, 23 Aug 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2567 Corroborated admissions, stock shortage and supporting employee evidence established clandestine removal of resin, so the duty demand was sustained against the assessee. Interest under Section 11AB was set aside because the duty had become payable before that provision applied in the manner relevant to the case and the corresponding rule was not then in force. The penalty under Section 11AC was upheld as mandatory, but no additional penalty under Rules 173Q and 226 was justified on top of that penalty. The appeal succeeded only to the limited extent of deleting interest and the extra rule-based penalties. Case-Laws Central Excise Thu, 23 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2567