Interest in provisional assessment cases to be deducted from final assessment order date.

The Karnataka HC held that interest liability in provisional assessment cases should be deducted from the date of the final assessment order, ruling in favor of the Revenue. Interest to be calculated in accordance with Rule 8 of the Central Excise Rules, not from the date of the final assessment order.

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The Karnataka High Court held that interest liability in provisional assessment cases should be deducted from the date of the final assessment order. The Court ruled in favor of the Revenue, stating that interest should be calculated in accordance with Rule 8 of the Central Excise Rules, not from the date of the final assessment order.

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