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2013 (8) TMI 160 - AT - Central ExciseRemoval of processed fabrics - Interest on unpaid duty - Held that:- appellant is required to pay the interest on the amount of the duty liability which has been confirmed on them. To that extent, appellant’s appeal for non-imposition of penalty is liable to be rejected and is rejected - Decided against assessee. Penalty u/s 11AC - Held that:- Since the appellant has paid the amount of duty liability and is ready to pay the interest liability, therefore, appellant is liable for imposition of penalty under Section 11AC of the Central Excise Act, 1944, at the same time, he is liable to get the benefit of 25% of the amount of duty liability confirmed subject to the condition that he pays the amount of interest and the penalty within thirty days on receipt of this order - Following decision of COMMISSIONER OF CENTRAL EXCISE, AHMEDABAD Versus AKASH FASHION PRINTS PVT. LTD. [2009 (1) TMI 113 - GUJARAT HIGH COURT] - Decided against assessee.
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