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2017 (3) TMI 636 - AT - Central ExciseLiability of interest - differential duty paid on being pointed out - Held that: - the issue whether interest is payable on differential duty is pending before the Hon’ble Larger Bench of the Supreme Court as referred by the Hon'ble Apex Court in the case of M/s Steel Authority of India Ltd., (SAIL) Vs CCE, Raipur reported in [2015 (12) TMI 594 - SUPREME COURT] - the issue whether assessee is liable to pay interest upon the differential duty requires to be remanded to the adjudicating authority - appeal allowed by way of remand. Penalty - Held that: - the issue whether interest is payable on differential duty is still a contentious one. Further, the appellants have paid differential duty immediately on being pointed out by the department - penalty set aside - appeal dismissed - decided against Revenue.
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