No Penalty Imposed When Duty and Interest Paid During Audit: CESTAT [Read Order]
Referring to the CESTAT Ahmedabad Bench's ruling in M & B Engineering Limited vs. CCE- dated July 4, 2024, the tribunal concluded that penalty cannot be imposed if the dues are settled during the audit
The Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that no penalty is applicable when duty and interest are paid during an audit. Tenneco Automotive India Pvt Ltd,appellant-assessee, paid duty and interest during the audit after the audit team identified certain dues. The issue was whether a penalty was still applicable….
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