https://www.taxtmi.com/caselaws?id=466661 Statutory provisions governing imposition of penalty must be determined by reference to the law in force on the date of issuance of the show cause notice, a conclusion favouring the assessee. Where penalty is predicated on alleged valuation violations and alleged intent to evade duty, imposition is unsustainable in the absence of reasoned findings on intent, especially where duty and interest have already been discharged. The matter is remitted to the appellate authority for fresh adjudication to determine the correct penal provision applicable and whether penalty can be sustained after considered, reasoned inquiry; directions given for expeditious decision. en-us Tue, 04 Mar 2025 00:00:00 +0530 Mon, 16 Feb 2026 20:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466661 Statutory provisions governing imposition of penalty must be determined by reference to the law in force on the date of issuance of the show cause notice, a conclusion favouring the assessee. Where penalty is predicated on alleged valuation violations and alleged intent to evade duty, imposition is unsustainable in the absence of reasoned findings on intent, especially where duty and interest have already been discharged. The matter is remitted to the appellate authority for fresh adjudication to determine the correct penal provision applicable and whether penalty can be sustained after considered, reasoned inquiry; directions given for expeditious decision. Case-Laws Central Excise Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466661