https://www.taxtmi.com/caselaws?id=123193 The court found in favor of the appellant, ruling that no interest or penalty should be imposed on duty paid on additional amounts received due to a price escalation clause in the purchase order. The assessment was considered provisional, and since the duty was paid upon receiving the additional amounts, there was no basis for charging interest. Citing a previous decision, the court concluded that no penalty should be imposed in such cases. As a result, the impugned order was set aside, the pre-deposit requirement was waived, and the appeal was allowed. en-us Tue, 01 Jan 2008 00:00:00 +0530 Mon, 10 Sep 2012 11:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123193 The court found in favor of the appellant, ruling that no interest or penalty should be imposed on duty paid on additional amounts received due to a price escalation clause in the purchase order. The assessment was considered provisional, and since the duty was paid upon receiving the additional amounts, there was no basis for charging interest. Citing a previous decision, the court concluded that no penalty should be imposed in such cases. As a result, the impugned order was set aside, the pre-deposit requirement was waived, and the appeal was allowed. Case-Laws Central Excise Tue, 01 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123193