Excise Duty: Penalty unwarranted as amount paid before issuance of notice

Annamalai Cotton Mills (P) Ltd Vs Commissioner of GST & Central Excise (CESTAT Chennai)

CESTAT Chennai held that imposition of penalty unwarranted as differential duty is already paid before issuance of show cause notice.

Facts- The appellant was engaged in the manufacture of polyester/cotton blended yarn falling under Chapter 55/52 of the First Schedule to Central Excise Tariff Act, 1985 and were clearing the said yarn from their factory to their consignment agents s

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