https://www.taxtmi.com/caselaws?id=118392 Additional duty of excise on tea and tea waste was held not to carry an implied liability to interest on delayed payment where Section 157 of the Finance Act, 2003 incorporated Central Excise machinery only for refunds, exemptions and penalty. The applicable principle was that fiscal liability, including interest and penal consequences, must rest on clear legislative authority and cannot be created by implication from procedural incorporation alone. A precedent on similar statutory wording was treated as directly applicable, and the Revenue's attempt to recover interest on delayed payment therefore failed. en-us Thu, 06 Apr 2006 00:00:00 +0530 Sat, 30 Jun 2012 13:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118392 Additional duty of excise on tea and tea waste was held not to carry an implied liability to interest on delayed payment where Section 157 of the Finance Act, 2003 incorporated Central Excise machinery only for refunds, exemptions and penalty. The applicable principle was that fiscal liability, including interest and penal consequences, must rest on clear legislative authority and cannot be created by implication from procedural incorporation alone. A precedent on similar statutory wording was treated as directly applicable, and the Revenue's attempt to recover interest on delayed payment therefore failed. Case-Laws Central Excise Thu, 06 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118392