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Central Excise - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

The question of charging of interest for the period of delay in ...


Interest on Delayed Government Payments Chargeable Post-May 14, 2003, Per Section 11DD; No Interest Before This Date.

July 19, 2013

Case Laws     Central Excise     AT

The question of charging of interest for the period of delay in paying the same to Government would be governed by Section 11DD only which came into effect from 14.05.2003 - Interest would be demandable only for the period from 14.05.2003 under Section 11DD and for the period prior to 14.05.2003 the interest would not be chargeable. - AT

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