https://www.taxtmi.com/caselaws?id=198834 The appeal involved a dispute over the waiver of demand of interest and penalties imposed on the appellants for shortages of goods found during a search at their factory premises. The court found that since duty was paid on the shortages promptly and there was no evidence of clearance of the goods, the demand for interest was unsustainable. The court also noted that the appellant was not provided with the option to pay a reduced penalty as required by law, granting them 30 days to do so. The penalty imposed on the co-appellant was set aside as well. Ultimately, the appeals were disposed of in accordance with the judgment. 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 The appeal involved a dispute over the waiver of demand of interest and penalties imposed on the appellants for shortages of goods found during a search at their factory premises. The court found that since duty was paid on the shortages promptly and there was no evidence of clearance of the goods, the demand for interest was unsustainable. The court also noted that the appellant was not provided with the option to pay a reduced penalty as required by law, granting them 30 days to do so. The penalty imposed on the co-appellant was set aside as well. Ultimately, the appeals were disposed of in accordance with the judgment. Case-Laws Customs Thu, 23 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198834