2010 (9) TMI 904 - AT - Central Excise

When the differential duty required to be paid is available as credit to the same appellant’s own recipient unit, the interest on such differential value is required to be charged or not - short payment of duty – Alleged that assessable value adopted by them it had not been worked out at 115% cost of the production duly certified by Cost Accountant - later differential duty deposited – Held that:- Appellant is liable to discharge interest liability as ascertained by lower authorities - even where the duty is short paid by an assessee, is available as credit to the recipient unit of the same assessee, interest in terms of provisions of Section 11AB is required to be confirmed and interest is leviable.