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

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.