https://www.taxtmi.com/caselaws?id=3125 The appeals were filed against orders setting aside penalty and interest under Section 11AC of the Central Excise Act. The Tribunal found that duty payment post-due date warranted statutory interest, leading to the dismissal of appeals against interest. As there was no evidence of intent to evade duty payment, penalty imposition under Section 11AC was deemed unnecessary, resulting in the dismissal of appeals against penalty. The judgment emphasizes the significance of timely duty payment to avoid interest liabilities and the requirement to establish intent for penalty imposition under Section 11AC. en-us Tue, 11 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3125 The appeals were filed against orders setting aside penalty and interest under Section 11AC of the Central Excise Act. The Tribunal found that duty payment post-due date warranted statutory interest, leading to the dismissal of appeals against interest. As there was no evidence of intent to evade duty payment, penalty imposition under Section 11AC was deemed unnecessary, resulting in the dismissal of appeals against penalty. The judgment emphasizes the significance of timely duty payment to avoid interest liabilities and the requirement to establish intent for penalty imposition under Section 11AC. Case-Laws Central Excise Tue, 11 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3125