2007 (10) TMI 539 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Kolkata, heard the case where the appellant did not dispute duty-liability and interest amount but argued that the delay in payment was due to financial difficulty, not malafide intention. The penalty imposed was set aside as there was no finding of fraudulent intention in the delayed payment. The appeal was partly allowed by setting aside the penalty.