https://www.taxtmi.com/caselaws?id=768969 CESTAT Kolkata held that where an assessee voluntarily pays differential duty before Show Cause Notice issuance following stock verification revealing shortages, no penalty is imposable. The appellant company paid duty and interest on detected shortages of finished goods and raw materials immediately after detection, before notice issuance. Without evidence of clandestine removal and with prompt payment demonstrating no mens rea to evade duty, penalty on both company and director was set aside. Appeal disposed off favorably. en-us Wed, 16 Apr 2025 00:00:00 +0530 Thu, 17 Apr 2025 08:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768969 CESTAT Kolkata held that where an assessee voluntarily pays differential duty before Show Cause Notice issuance following stock verification revealing shortages, no penalty is imposable. The appellant company paid duty and interest on detected shortages of finished goods and raw materials immediately after detection, before notice issuance. Without evidence of clandestine removal and with prompt payment demonstrating no mens rea to evade duty, penalty on both company and director was set aside. Appeal disposed off favorably. Case-Laws Central Excise Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768969