https://www.taxtmi.com/caselaws?id=350828 The Tribunal set aside the penalty of Rs. 30,000 imposed on the appellant for short payment of duty due to differences in valuation, as there was no suppression of fact. Interest was deemed not chargeable for the period before 11/05/2001. The Tribunal directed the re-calculation of interest only from 11/05/2001 till the date of payment of the differential duty. The appeals were partly allowed, emphasizing the importance of factual circumstances in determining the chargeability of interest and penalty in such cases. en-us Wed, 08 Nov 2017 00:00:00 +0530 Tue, 26 Dec 2017 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350828 The Tribunal set aside the penalty of Rs. 30,000 imposed on the appellant for short payment of duty due to differences in valuation, as there was no suppression of fact. Interest was deemed not chargeable for the period before 11/05/2001. The Tribunal directed the re-calculation of interest only from 11/05/2001 till the date of payment of the differential duty. The appeals were partly allowed, emphasizing the importance of factual circumstances in determining the chargeability of interest and penalty in such cases. Case-Laws Central Excise Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350828