https://www.taxtmi.com/caselaws?id=444512 The Tribunal determined that duty on capital goods should be calculated at the rate applicable on the date of deemed removal, allowing appellants to benefit from exports made. Interest is payable on delayed duty payment as per Section 61 of the Customs Act. Penalties under Sections 112 and 114A cannot be imposed due to the lack of suppression or fraud. The case was remanded to the adjudicating authority to reassess duty liability based on these findings. en-us Tue, 17 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444512 The Tribunal determined that duty on capital goods should be calculated at the rate applicable on the date of deemed removal, allowing appellants to benefit from exports made. Interest is payable on delayed duty payment as per Section 61 of the Customs Act. Penalties under Sections 112 and 114A cannot be imposed due to the lack of suppression or fraud. The case was remanded to the adjudicating authority to reassess duty liability based on these findings. Case-Laws Central Excise Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444512