https://www.taxtmi.com/caselaws?id=52769 Penalty under Section 11AC of the Central Excise Act, 1944 and interest under Section 11AB were examined in the context of duty paid before issuance of the show cause notice. Conflicting decisions on whether such payment affects leviability were noticed, and the matter was directed to be placed before the President for reference to a Larger Bench. The document does not state a final substantive determination on the merits of penalty or interest. en-us Fri, 06 Feb 2004 00:00:00 +0530 Thu, 07 Oct 2010 16:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52769 Penalty under Section 11AC of the Central Excise Act, 1944 and interest under Section 11AB were examined in the context of duty paid before issuance of the show cause notice. Conflicting decisions on whether such payment affects leviability were noticed, and the matter was directed to be placed before the President for reference to a Larger Bench. The document does not state a final substantive determination on the merits of penalty or interest. Case-Laws Central Excise Fri, 06 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52769