https://www.taxtmi.com/caselaws?id=3290 The Tribunal rejected the Revenue's appeal for penalty under Section 11AC, as the appellant's misunderstanding of notification requirements rendered the penalty inapplicable. However, the Tribunal upheld the appeal against the non-imposition of interest under Section 11AB, finding the Commissioner's decision inconsistent with the provisions of Section 11AB. The interest liability was restored, covering the period from January 2004 to March 2004, following an amendment in May 2001 clarifying interest payment due when amounts are owed to the government. en-us Thu, 04 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3290 The Tribunal rejected the Revenue's appeal for penalty under Section 11AC, as the appellant's misunderstanding of notification requirements rendered the penalty inapplicable. However, the Tribunal upheld the appeal against the non-imposition of interest under Section 11AB, finding the Commissioner's decision inconsistent with the provisions of Section 11AB. The interest liability was restored, covering the period from January 2004 to March 2004, following an amendment in May 2001 clarifying interest payment due when amounts are owed to the government. Case-Laws Central Excise Thu, 04 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3290