https://www.taxtmi.com/caselaws?id=119055 The Appellate Tribunal CESTAT, Chennai allowed the Revenue's appeal, overturning the original authority's decision and ruling that interest on duty paid post-11-5-2001 should be levied under Section 11AB. The Tribunal emphasized the applicability of Section 11A(2B) and Explanation 2, directing the respondents to pay the correct interest amount. This decision aligned with precedents such as Ashok Leyland Ltd. v. Commissioner, establishing that interest is payable on duty paid under the specified subsection. The judgment was delivered on 13-2-2006 by Shri P.G. Chacko, J. en-us Mon, 13 Feb 2006 00:00:00 +0530 Sat, 07 Jul 2012 16:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119055 The Appellate Tribunal CESTAT, Chennai allowed the Revenue's appeal, overturning the original authority's decision and ruling that interest on duty paid post-11-5-2001 should be levied under Section 11AB. The Tribunal emphasized the applicability of Section 11A(2B) and Explanation 2, directing the respondents to pay the correct interest amount. This decision aligned with precedents such as Ashok Leyland Ltd. v. Commissioner, establishing that interest is payable on duty paid under the specified subsection. The judgment was delivered on 13-2-2006 by Shri P.G. Chacko, J. Case-Laws Central Excise Mon, 13 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119055