https://www.taxtmi.com/caselaws?id=374876 The Tribunal dismissed the appeals filed by the Revenue, following the precedent set in the Bharti Airtel Ltd. case and subsequent cases. It was held that penalties under Section 114A of the Customs Act, 1962 should be equal to the duty or interest determined, considering that the demand of duty should not exceed that in the show-cause notices and the interest payable depends on the actual payment date. The Tribunal emphasized that penalties equal to the duty determined were appropriate in cases where the actual interest amount could not be determined at the time of adjudication. en-us Mon, 14 Jan 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374876 The Tribunal dismissed the appeals filed by the Revenue, following the precedent set in the Bharti Airtel Ltd. case and subsequent cases. It was held that penalties under Section 114A of the Customs Act, 1962 should be equal to the duty or interest determined, considering that the demand of duty should not exceed that in the show-cause notices and the interest payable depends on the actual payment date. The Tribunal emphasized that penalties equal to the duty determined were appropriate in cases where the actual interest amount could not be determined at the time of adjudication. Case-Laws Customs Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374876