https://www.taxtmi.com/caselaws?id=198834 Where shortages were detected and the attributable duty was paid on the same day, and no prior clearance of goods was established, interest was held not exigible and the interest demand was set aside. The statutory option to discharge penalty at 25% of duty under Section 11AC was restored because the adjudication order had omitted that benefit; the appellants were directed to exercise the option within 30 days, failing which the penalty would stand at 100% of duty. Separate penalty on the co-appellant under Rule 26 was deleted because the main firm had already been penalized on the same facts. en-us Thu, 23 Nov 2017 00:00:00 +0530 Sat, 10 Feb 2018 07:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198834 Where shortages were detected and the attributable duty was paid on the same day, and no prior clearance of goods was established, interest was held not exigible and the interest demand was set aside. The statutory option to discharge penalty at 25% of duty under Section 11AC was restored because the adjudication order had omitted that benefit; the appellants were directed to exercise the option within 30 days, failing which the penalty would stand at 100% of duty. Separate penalty on the co-appellant under Rule 26 was deleted because the main firm had already been penalized on the same facts. Case-Laws Customs Thu, 23 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198834