https://www.taxtmi.com/caselaws?id=363220 The Tribunal waived the penalty under Section 11AC of the Central Excise Act, 1944, ruling that the short payment was not deliberate and lacked malafide intentions. However, the Tribunal upheld the levy of interest under Section 11AA/11AB of the Central Excise Act, 1944, citing the need to compensate for revenue loss. The invocation of the extended period for demand of Central Excise Duty was deemed unjustified as the appellant had no control over the factors leading to the underpayment. The decision was rendered on 05/07/2018. en-us Thu, 05 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 07:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363220 The Tribunal waived the penalty under Section 11AC of the Central Excise Act, 1944, ruling that the short payment was not deliberate and lacked malafide intentions. However, the Tribunal upheld the levy of interest under Section 11AA/11AB of the Central Excise Act, 1944, citing the need to compensate for revenue loss. The invocation of the extended period for demand of Central Excise Duty was deemed unjustified as the appellant had no control over the factors leading to the underpayment. The decision was rendered on 05/07/2018. Case-Laws Central Excise Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363220