https://www.taxtmi.com/caselaws?id=335271 The High Court ruled in favor of the assessee, upholding the Tribunal's decision that no penalty or interest under Section 11-AC and 11-AB respectively was payable when disputed duty was voluntarily deposited before the issuance of the notice. The court emphasized that such payment indicated no intent to evade duty, fraud, or misrepresentation. Citing various judgments, including a Supreme Court dismissal of a similar appeal, the court found no grounds for imposing penalty or interest. The appeal lacked merit and was dismissed. en-us Mon, 11 Jul 2016 00:00:00 +0530 Fri, 06 Jan 2017 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335271 The High Court ruled in favor of the assessee, upholding the Tribunal's decision that no penalty or interest under Section 11-AC and 11-AB respectively was payable when disputed duty was voluntarily deposited before the issuance of the notice. The court emphasized that such payment indicated no intent to evade duty, fraud, or misrepresentation. Citing various judgments, including a Supreme Court dismissal of a similar appeal, the court found no grounds for imposing penalty or interest. The appeal lacked merit and was dismissed. Case-Laws Central Excise Mon, 11 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335271