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2015 (3) TMI 1099 - AT - Central ExciseDemand of interest - Section 11AB - Clandestine removal of goods - The adjudicating authority in his order dated 14.6.2005 has clearly discussed the applicability of interest and also rightly confirmed the demand of interest under section 11AB on the demand already paid by the respondents - Held that:- I find that the Commissioner (Appeals) has set aside the interest under section 11AB by relying on the decisions of the Hon’ble High Court and the Hon’ble Supreme Court which were pertaining prior to amendment of Section 11AB whereas the present case is covered under the amended provisions of Section 11AB which came into effect from 11.5.2001. The Hon’ble Supreme Court in the case of CCE, Pune Vs. SKF Ltd. (2009 (7) TMI 6 - SUPREME COURT ) has held that interest is payable under Section 11AB. - Decided in favour of Revenue.
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