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Interest on Supplementary Invoices

NagaPhaneendraBabu Kondaveeti

Dear Expert ,

Shall we pay interest on excise duty for supplementary invoices

Interest on supplementary invoices: earlier rulings supported payment, later decision disapproved that position, altering liability approach. Whether interest is payable on excise duty assessed through supplementary invoices was contested: earlier decisions required payment of interest on duty shown in supplementary invoices, but a later authoritative decision disapproved that earlier line of rulings and changed the precedential position on interest liability arising from supplementary invoices. (AI Summary)
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Himansu Sekhar on May 17, 2017

Yes, as per decision of Hon'ble Apex court in the case of skf India, 2009 (7) TMI 6 - SUPREME COURT international auto 2010 (1) TMI 151 - SUPREME COURT OF INDIA

NagaPhaneendraBabu Kondaveeti on May 17, 2017

thanq sir

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