https://www.taxtmi.com/caselaws?id=121945 Interest is payable on differential excise duty arising from supplementary invoices issued under a price escalation clause. Where the sale price is revised through later purchase orders, the additional amount forms part of transaction value because it is payable in connection with the sale, notwithstanding that it becomes payable later. The originally declared value is not final in such circumstances. Provisional assessment could have been sought, with interest payable upon finalisation; independently, delayed payment of duty resulting from later price ascertainment attracts interest on the short-paid amount. Relief from interest is therefore unavailable. en-us Thu, 19 Jul 2007 00:00:00 +0530 Fri, 27 Oct 2017 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121945 Interest is payable on differential excise duty arising from supplementary invoices issued under a price escalation clause. Where the sale price is revised through later purchase orders, the additional amount forms part of transaction value because it is payable in connection with the sale, notwithstanding that it becomes payable later. The originally declared value is not final in such circumstances. Provisional assessment could have been sought, with interest payable upon finalisation; independently, delayed payment of duty resulting from later price ascertainment attracts interest on the short-paid amount. Relief from interest is therefore unavailable. Case-Laws Central Excise Thu, 19 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121945