Recovery of interest and imposition of penalty - Valuation - The ...

Central Excise

May 25, 2016

Recovery of interest and imposition of penalty - Valuation - The duty was confirmed u/s 11A of the Act. As per Section 11AB when the duty is determined u/s 11A interest is required to be paid consequently u/s 11AB - levy of interest confirmed - no penalty - AT

View Source

← Previous Next →

Recovery of interest and imposition of penalty - Valuation - The ...

Central Excise

May 25, 2016

You may also like:

Penalty u/s 11AC - Interest u/s 11AB - interest and penalty are imposable and there is no discretionary power vested with the authorities for waiving the same.- HC

Interest chargeable under Section 11AB on differential duty due to price escalation clause - demand of interest confirmed - AT

Issuance of show cause notice u/s 11A(1) and determination of duty u/s 11A(2) are the main ingredients in order to demand interest and penalty under Section 11AB and...

Determination of duty u/s 11A (2) before demanding interest –- duty was deposited before issuance of show cause notice - SCN demanding interest portion is not invalid - AT

Refund claim - same duty paid twice - period of limitation u/s 11AB not applicable - refund allowed with interest even after one year - HC

CENVAT Credit - Penalty - even though the amount is paid before issuance of show cause notice as per the proviso to Section 11A invoked, penalty cannot be reduced nor waived.

Penalty - Section 114A - Penalty is attracted only when liability to pay duty or interest is determined under Section 28 - AT

Interest on differential duty - price escalation clause - Section 11A and section 11AB as it stood at the relevant time did not provide read with the rules any other...

Recovery of interest - extended period of Limitation u/s 11A – limitation period as prescribed in Section 11A would be applicable for recovery of interest also - AT

Levy of interest on differential duty due to Revision in price – supplementary invoice -. The payment of differential duty thus clearly came under sub-section (2B) of...

Quick Updates: