https://www.taxtmi.com/caselaws?id=340214 The tribunal set aside the penalty imposed under Section 11AC due to the appellant's prompt payment of duty and interest upon the department's pointing out of undervaluation. The tribunal held that since the appellant complied with Section 11A(2B) requirements by paying promptly without contesting, no show-cause notice should have been issued, leading to the conclusion that no further penalty could be imposed. Consequently, the tribunal allowed the appeal, ruling in favor of the appellant and modifying the impugned order to reflect the non-imposition of the penalty. en-us Mon, 06 Feb 2017 00:00:00 +0530 Fri, 17 Mar 2017 11:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340214 The tribunal set aside the penalty imposed under Section 11AC due to the appellant's prompt payment of duty and interest upon the department's pointing out of undervaluation. The tribunal held that since the appellant complied with Section 11A(2B) requirements by paying promptly without contesting, no show-cause notice should have been issued, leading to the conclusion that no further penalty could be imposed. Consequently, the tribunal allowed the appeal, ruling in favor of the appellant and modifying the impugned order to reflect the non-imposition of the penalty. Case-Laws Central Excise Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340214