https://www.taxtmi.com/caselaws?id=116548 The court ruled in favor of the revenue, setting aside the interest grant on a refunded amount claimed by the respondent. The judgment emphasized that adjusting Modvat credit does not fall under Section 11BB for interest payment as Modvat credit is not considered duty. The court criticized the delay in duty payment from PLA and concluded that the interest claim on the credited Modvat amount was unfounded. Therefore, the interest grant was overturned, upholding the revenue's appeal. en-us Fri, 30 Sep 2005 00:00:00 +0530 Wed, 13 Jun 2012 14:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116548 The court ruled in favor of the revenue, setting aside the interest grant on a refunded amount claimed by the respondent. The judgment emphasized that adjusting Modvat credit does not fall under Section 11BB for interest payment as Modvat credit is not considered duty. The court criticized the delay in duty payment from PLA and concluded that the interest claim on the credited Modvat amount was unfounded. Therefore, the interest grant was overturned, upholding the revenue's appeal. Case-Laws Central Excise Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116548