https://www.taxtmi.com/caselaws?id=194931 Delayed payment of excise duty attracted mandatory interest and penalty under Rule 96ZO and Rule 96ZQ, because the relevant rules imposed those consequences as statutory liabilities. Payment of the duty before issuance of the show cause notice did not, by itself, extinguish or waive the duty-related interest and penalty. The contrary view that prior payment justified deletion of penalty was treated as unsustainable in light of the governing Supreme Court position, and the earlier Tribunal view was no longer good law. The departmental challenge succeeded, and the adjudication restoring interest and penalty was upheld. en-us Fri, 03 Jul 2009 00:00:00 +0530 Fri, 06 Oct 2017 17:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194931 Delayed payment of excise duty attracted mandatory interest and penalty under Rule 96ZO and Rule 96ZQ, because the relevant rules imposed those consequences as statutory liabilities. Payment of the duty before issuance of the show cause notice did not, by itself, extinguish or waive the duty-related interest and penalty. The contrary view that prior payment justified deletion of penalty was treated as unsustainable in light of the governing Supreme Court position, and the earlier Tribunal view was no longer good law. The departmental challenge succeeded, and the adjudication restoring interest and penalty was upheld. Case-Laws Central Excise Fri, 03 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194931