https://www.taxtmi.com/caselaws?id=422645 The Tribunal confirmed the demand of Central Excise duty of Rs. 27,20,409/- on the appellant for failing to pay duty on molasses procured from Khandsari Sugar units, upholding the Commissioner (Appeals)' decision. Interest on the duty was also confirmed, with the Tribunal agreeing that interest is compensatory. The imposition of Redemption Fine was set aside by the Commissioner (Appeals), and the penalty of Rs. 27,20,409/- under Rule 25 of the Central Excise Rules, 2002, was upheld by the Tribunal. The appeal was dismissed, with the Tribunal modifying the order on the interpretation of Rule 4(2) but maintaining the confirmation of duty, interest, and penalty. en-us Wed, 18 May 2022 00:00:00 +0530 Thu, 19 May 2022 22:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422645 The Tribunal confirmed the demand of Central Excise duty of Rs. 27,20,409/- on the appellant for failing to pay duty on molasses procured from Khandsari Sugar units, upholding the Commissioner (Appeals)' decision. Interest on the duty was also confirmed, with the Tribunal agreeing that interest is compensatory. The imposition of Redemption Fine was set aside by the Commissioner (Appeals), and the penalty of Rs. 27,20,409/- under Rule 25 of the Central Excise Rules, 2002, was upheld by the Tribunal. The appeal was dismissed, with the Tribunal modifying the order on the interpretation of Rule 4(2) but maintaining the confirmation of duty, interest, and penalty. Case-Laws Central Excise Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422645