Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2010 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (10) TMI 474 - AT - Central ExciseDemand of interest u/s 11AB - Limitation - There is no time limit fixed by the legislation for payment of interest in respect of the duty confirmed against the assessee - Interest being appending to the principal amount and when the principal amount is to be paid by the assessee to the exchequer, as confirmed in terms of Section 11A, interest liability would arise automatically - In the absence of any provision, laying down any time limit for raising of interest demand and in the light of the Bombay High Court judgment [in the case of CCE, Aurangabad v. Padmashri V.V. Patil S.S.K. Ltd. [2007 (7) TMI 6 - BOMBAY HIGH COURT] liability of interest is to be paid automatically without any notice and as such, the question of limitation does not arise - Hence, the appeal filed by the Appellants is rejected.
|