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2008 (7) TMI 278 - HC - Central ExciseLeviability of interest in case of price escalation - If neither side to the transaction was aware as to the amount which was to be charged and which was to be paid under the escalation clause on the date when the transaction was entered into, no liability to pay interest can arise under the provisions of Section 11AB – therefore, no interest as prescribed under the provisions of Section 11AB of the Act can be recovered when the differential duty is paid on price variation
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