https://www.taxtmi.com/caselaws?id=439770 The Tribunal upheld the demand for interest under Rule 12BB of the Central Excise Rules, 2002, due to non-clearance of finished goods within the stipulated time. It found that duty and interest were rightfully demanded as per Rule 12BB and Section 11AA of the Central Excise Act, 1944. The denial of credit for duty paid on engines as intermediate products was overturned, with the Tribunal holding that engines qualify as inputs for manufacturing machinery. The penalty under Section 11AC was set aside as the appellant fulfilled conditions under Section 11A(2) before the issuance of the Show Cause Notice. The appeal was partly allowed with consequential relief. en-us Thu, 22 Jun 2023 00:00:00 +0530 Sat, 01 Jul 2023 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439770 The Tribunal upheld the demand for interest under Rule 12BB of the Central Excise Rules, 2002, due to non-clearance of finished goods within the stipulated time. It found that duty and interest were rightfully demanded as per Rule 12BB and Section 11AA of the Central Excise Act, 1944. The denial of credit for duty paid on engines as intermediate products was overturned, with the Tribunal holding that engines qualify as inputs for manufacturing machinery. The penalty under Section 11AC was set aside as the appellant fulfilled conditions under Section 11A(2) before the issuance of the Show Cause Notice. The appeal was partly allowed with consequential relief. Case-Laws Central Excise Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439770