https://www.taxtmi.com/caselaws?id=350456 Penalty is not sustainable for short payment of duty caused by an incorrect assessable value calculation where mala fide intention is not established, and the penalty is deleted. Interest remains payable on delayed duty payment as a mandatory consequence of the delay, so the interest demand is upheld. The result is partial relief to the assessee, with penal consequences removed but the time value liability on belated duty payment maintained. en-us Tue, 26 Sep 2017 00:00:00 +0530 Tue, 07 Nov 2017 06:45:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350456 Penalty is not sustainable for short payment of duty caused by an incorrect assessable value calculation where mala fide intention is not established, and the penalty is deleted. Interest remains payable on delayed duty payment as a mandatory consequence of the delay, so the interest demand is upheld. The result is partial relief to the assessee, with penal consequences removed but the time value liability on belated duty payment maintained. Case-Laws Central Excise Tue, 26 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350456