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2010 (6) TMI 226 - AT - Central ExciseInterest – Period of dispute may, 1992 to march 2000. submission that for one SCN, period covered prior to enactment of section 11AB and that in other SCN nothing alleged for invoking said section. Held that- no interest payable for first SCN. Other SCNs though invoked section 11AB, not alleged any of the requisites ingredient of said section namely, collusion, fraud, willful mis-statement/suppression of facts. No whisper of any intention to evade. Plea of “automatic accrual of interest” not relevant where statutory provision for levy of interest is under scrutiny.
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