https://www.taxtmi.com/caselaws?id=54113 The Tribunal found that the delayed duty payment for transferred capital goods was not intentional evasion, as the fortnightly payment system did not provide for penalties for delayed payments. Therefore, the penalty imposed under Section 11AC was vacated, aligning with the principle that penalties are not usually imposed when duty is paid before a show cause notice. The assessee's appeal was allowed, and the Revenue's appeal was dismissed, emphasizing adherence to statutory payment timelines. en-us Tue, 05 Jul 2005 00:00:00 +0530 Mon, 18 Oct 2010 11:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54113 The Tribunal found that the delayed duty payment for transferred capital goods was not intentional evasion, as the fortnightly payment system did not provide for penalties for delayed payments. Therefore, the penalty imposed under Section 11AC was vacated, aligning with the principle that penalties are not usually imposed when duty is paid before a show cause notice. The assessee's appeal was allowed, and the Revenue's appeal was dismissed, emphasizing adherence to statutory payment timelines. Case-Laws Central Excise Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54113