https://www.taxtmi.com/caselaws?id=326331 Interest liability was upheld in remand proceedings because it follows automatically and did not require a separate notice for recovery. The Tribunal also upheld the penalty under Section 11AC, noting that it had been imposed after allowance of part of the Modvat credit and that the assessee had already paid 25% of the penalty without any contrary material being shown. The penalty was therefore confined to the statutory concession already availed, while the demand of interest and the underlying penalty liability were maintained. en-us Fri, 08 Apr 2016 00:00:00 +0530 Wed, 02 Nov 2016 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326331 Interest liability was upheld in remand proceedings because it follows automatically and did not require a separate notice for recovery. The Tribunal also upheld the penalty under Section 11AC, noting that it had been imposed after allowance of part of the Modvat credit and that the assessee had already paid 25% of the penalty without any contrary material being shown. The penalty was therefore confined to the statutory concession already availed, while the demand of interest and the underlying penalty liability were maintained. Case-Laws Central Excise Fri, 08 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326331