Interest on differential duty - price escalation clause - ...

Interest on Differential Duty Confirmed u/ss 11A and 11AB of Central Excise Act Due to Price Escalation Clause.

May 10, 2019

Case Laws Central Excise SC

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 point of time when the amount of duty could be said to be payable and so equally the interest - Demand of interest confirmed.

View Source

← Previous Next →

Interest on differential duty - price escalation clause - ...

Interest on Differential Duty Confirmed u/ss 11A and 11AB of Central Excise Act Due to Price Escalation Clause.

May 10, 2019

Case Laws Central Excise SC

You may also like:

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...

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

The CESTAT held that interest on differential duty is a statutory liability arising from the date of removal of goods, irrespective of when the differential duty is paid....

Interest on differential duty- captive consumption - revenue neutrality - revised CAS-4 prepared by the cost accountant - the liability to pay interest on duties...

Levy of interest on differential duty raised through supplementary invoice - retrospective increase of price of finished goods - demand of interest confirmed - penalty waived - AT

Interest on differential duty - price escalation clause - Levy of interest confirmed. - HC

Liability to pay interest u/s 11AB of the Central Excise Act on the differential amount of duty paid by assessee under supplementary invoices - interest levied from the...

CESTAT ruled on short payment of excise duty involving related parties under Section 4(3)(b) of Central Excise Act. Company directors (siblings) held 99% shares and made...

Demand of differential Central Excise Duty with interest and penalty - inflating freight charges through their dummy transport unit - The Tribunal affirmed the...

The case involved a dispute over the valuation of power units supplied by one party to another, leading to a demand for differential duty, interest, and penalty. The...

Project imports - Levy of interest for duty foregone - failure to fulfil the export obligation - The recovery of differential duty and charging of interest confirmed -...

Liability for Penalty & Interest – payment of duty/differential duty, whether before or after the show cause notice is issued cannot alter the liability for payment -...

CESTAT rejected the appeal regarding classification of Add-on Cards, affirming their classification under Chapter Heading 8473 of Central Excise Tariff Act, 1985,...

Demand of interest - Supplementary invoices - whether interest is leviable u/s 11AB on the differential duty amount paid under supplementary invoices due to price...

Quick Updates: