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2013 (10) TMI 355 - HC - Central ExciseLimitation Period u/s 11-A - Notice for Interest on Delayed Payment – Held that:- Following Hindustan Insecticides Ltd. v. Commissioner Central Excise, LTU [2013 (8) TMI 225 - DELHI HIGH COURT] – As the period of limitation that applies to recovery of the principal amount shall also apply to the claim for interest thereon, the demand is time barred - Issuance of show cause notice for interest on the delayed payment should also be within a period of one year as stipulated under Section 11-A of the Act - Therefore, department has absolutely no jurisdiction to issue show cause notice after expiry of the period of limitation for interest on the delayed payment for the period - period of limitation, unless otherwise stipulated by the statute, which applies to a claim for the principal amount should also apply to the claim for interest thereon – Decided in favour of Assessee.
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