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Central Excise - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Demand of interest – if the entry is reversed it amounts to not ...


Court Rules Reversed Credit Entry Equals No Credit Taken; No Interest on Delayed Duty Payment if No Duty Owed.

August 30, 2012

Case Laws     Central Excise     HC

Demand of interest – if the entry is reversed it amounts to not taking the credit at all and therefore when admittedly no duty is payable, the question of payment of interest on the delayed payment of duty would not arise - HC

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