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2019 (5) TMI 1013 - AT - Central ExciseLevy of Interest - price escalation clause - whether interest is payable when the value of the goods has been increased subsequent to the clearance of the goods due to cost escalation? - HELD THAT:- It has been decided by the Apex Court in the case of M/S. STEEL AUTHORITY OF INDIA LTD. VERSUS COMMISSIONER OF CENTRAL EXCISE, RAIPUR [2019 (5) TMI - SUPREME COURT] that interest is payable when there is a cost escalation and consequently additional duty is to be paid. Appeal dismissed - decided against appellant.
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