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2013 (7) TMI 469 - AT - Central ExciseInterest u/s 11DD - Differential duty paid on account of revision of price of petroleum products - Appellant i.e. IOC (Rewari) during the period in dispute had received duty paid petroleum products from IOC (Bijwasan) the "differential duty" paid was amount realised by the appellant (IOC Rewari) from customers towards duty which was in excess of the duty originally paid by the IOC (Bijwasan) - The payment of this differential amount to be treated under Section 11D - The question of charging of interest for the period of delay in paying the same to Government would be governed by Section 11DD only which came into effect from 14.05.2003 - Interest would be demandable only for the period from 14.05.2003 under Section 11DD and for the period prior to 14.05.2003 the interest would not be chargeable. Limitation – Held that:- As held by coordinate Bench of the Tribunal in the case of Hindustan Insecticides [2012 (286) E.L.T. 208 (Tri. - Del.)] the interest being by automatic operation of law, the limitation period prescribed would not be applicable .
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