https://www.taxtmi.com/caselaws?id=123881 The Tribunal dismissed the Revenue's appeals and upheld the order-in-appeal, ruling that interest under Section 11AB of the Central Excise Act was not applicable. The respondent-assessee had promptly paid the duty upon discovering revised rates, eliminating the need for interest on the differential duty. The decision aligned with the High Court's precedent, emphasizing that Section 11AB applies when duty is short-paid, which was not the case here. The court concluded that interest was not warranted as the duty was voluntarily paid without delay upon learning of the revised rates. en-us Wed, 14 Nov 2007 00:00:00 +0530 Fri, 21 Sep 2012 15:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123881 The Tribunal dismissed the Revenue's appeals and upheld the order-in-appeal, ruling that interest under Section 11AB of the Central Excise Act was not applicable. The respondent-assessee had promptly paid the duty upon discovering revised rates, eliminating the need for interest on the differential duty. The decision aligned with the High Court's precedent, emphasizing that Section 11AB applies when duty is short-paid, which was not the case here. The court concluded that interest was not warranted as the duty was voluntarily paid without delay upon learning of the revised rates. Case-Laws Central Excise Wed, 14 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123881