https://www.taxtmi.com/caselaws?id=339950 The Member (Judicial) found no malafide intent on the respondent's part in a case involving valuation of goods based on the cost construction method. The respondent promptly paid the duty, attributing the valuation issue to the principal manufacturer's delay in providing accurate cost information. The penalty under Section 11AC was deemed inapplicable, but interest payment was upheld as inevitable for delayed duty payment. The appeal was partially allowed, setting aside the penalty and reinstating the obligation to pay interest based on legal precedents. en-us Fri, 03 Feb 2017 00:00:00 +0530 Fri, 10 Nov 2017 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339950 The Member (Judicial) found no malafide intent on the respondent's part in a case involving valuation of goods based on the cost construction method. The respondent promptly paid the duty, attributing the valuation issue to the principal manufacturer's delay in providing accurate cost information. The penalty under Section 11AC was deemed inapplicable, but interest payment was upheld as inevitable for delayed duty payment. The appeal was partially allowed, setting aside the penalty and reinstating the obligation to pay interest based on legal precedents. Case-Laws Central Excise Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339950