https://www.taxtmi.com/caselaws?id=333052 The Tribunal held that duty was due on Heat Exchangers manufactured by the appellant, despite arguments for duty exemption. The appellant paid the duty but disputed the timing of interest recovery, citing a Delhi High Court case. The Tribunal agreed that interest recovery must be timely. While acknowledging no suppression allegation, the Tribunal imposed a reduced penalty of &8377; 1,00,000 for contravention of Central Excise Act provisions. The matter was remanded for re-computation of interest within the prescribed period, and the penalty was adjusted accordingly. The appeal and Stay petition were disposed of with these decisions. en-us Thu, 01 Sep 2016 00:00:00 +0530 Mon, 03 Oct 2016 00:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333052 The Tribunal held that duty was due on Heat Exchangers manufactured by the appellant, despite arguments for duty exemption. The appellant paid the duty but disputed the timing of interest recovery, citing a Delhi High Court case. The Tribunal agreed that interest recovery must be timely. While acknowledging no suppression allegation, the Tribunal imposed a reduced penalty of &8377; 1,00,000 for contravention of Central Excise Act provisions. The matter was remanded for re-computation of interest within the prescribed period, and the penalty was adjusted accordingly. The appeal and Stay petition were disposed of with these decisions. Case-Laws Central Excise Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333052