Interest on Supplementary Invoices

[NagaPhaneendraBabu Kondaveeti]

Dear Expert ,

Shall we pay interest on excise duty for supplementary invoices

[Himansu Sekhar]

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]

thanq sir

[KASTURI SETHI]

Disapproved in 2015 by Supreme Court

2015 (326) E.L.T. 450 (S.C.) = 2015 (12) TMI 594 - SUPREME COURT STEEL AUTHORITY OF INDIA LTD. Versus COMMISSIONER OF C. EX., RAIPUR

AI Summary

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.