https://www.taxtmi.com/caselaws?id=336812 The Tribunal held that the extended period of limitation could not be invoked for interest recovery and penalty imposition in the absence of fraud or intent to evade duty. It was ruled that the interest liability confirmed in the order was not sustainable. Additionally, the penalty imposed under Rule 25 read with Section 11AC of the Central Excise Act was deemed unjustified as there was no evidence of malafides by the appellant. The Tribunal set aside the confirmed interest and penalty amounts, emphasizing the necessity of fraud or intent for penalty imposition under the Central Excise Act. en-us Fri, 11 Nov 2016 00:00:00 +0530 Wed, 31 Jan 2018 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336812 The Tribunal held that the extended period of limitation could not be invoked for interest recovery and penalty imposition in the absence of fraud or intent to evade duty. It was ruled that the interest liability confirmed in the order was not sustainable. Additionally, the penalty imposed under Rule 25 read with Section 11AC of the Central Excise Act was deemed unjustified as there was no evidence of malafides by the appellant. The Tribunal set aside the confirmed interest and penalty amounts, emphasizing the necessity of fraud or intent for penalty imposition under the Central Excise Act. Case-Laws Central Excise Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336812