https://www.taxtmi.com/caselaws?id=33836 The Tribunal dismissed the Revenue's appeal against the Order-in-Appeal, ruling in favor of the respondent. The demand for interest on delayed excise duty payment was vacated, amounting to Rs. 48,711, as duty liability arose due to consignment pilferage. The Tribunal found the respondent not liable for interest, as duty was paid before a Show Cause Notice, following judicial precedents. Additionally, the interest on belatedly reversed Modvat credit was waived since the credit was not utilized. The Tribunal upheld the decision, citing relevant provisions and precedents. en-us Mon, 08 Sep 2008 00:00:00 +0530 Tue, 16 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33836 The Tribunal dismissed the Revenue's appeal against the Order-in-Appeal, ruling in favor of the respondent. The demand for interest on delayed excise duty payment was vacated, amounting to Rs. 48,711, as duty liability arose due to consignment pilferage. The Tribunal found the respondent not liable for interest, as duty was paid before a Show Cause Notice, following judicial precedents. Additionally, the interest on belatedly reversed Modvat credit was waived since the credit was not utilized. The Tribunal upheld the decision, citing relevant provisions and precedents. Case-Laws Central Excise Mon, 08 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33836