Interest on Supplementary Invoices
NagaPhaneendraBabu Kondaveeti
Dear Expert ,
Shall we pay interest on excise duty for supplementary invoices
Supreme Court Ruling: No Interest on Excise Duty for Supplementary Invoices, Overruling Previous Decisions A query was raised regarding the obligation to pay interest on excise duty for supplementary invoices. An expert initially confirmed that interest is payable, citing Supreme Court decisions in SKF India (2009) and International Auto (2010). However, another contributor later noted that this position was disapproved by the Supreme Court in a 2015 ruling involving the Steel Authority of India Ltd. versus the Commissioner of Central Excise, Raipur. The discussion highlights differing interpretations of legal precedents concerning the payment of interest on supplementary excise duty invoices. (AI Summary)
Central Excise