https://www.taxtmi.com/caselaws?id=125306 The Tribunal ruled in favor of the applicant in an application for waiver of pre-deposit of interest under Section 11AB of the Central Excise Act. The Tribunal found that since duty was paid by reversing the credit at the end of each month, there was no default at the end of each month, making the demand for interest unsustainable. Consequently, the Tribunal waived the pre-deposit of the entire interest amount and granted the stay petition, relieving the applicant from the obligation to make the pre-deposit. en-us Wed, 17 Sep 2008 00:00:00 +0530 Fri, 09 Dec 2016 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125306 The Tribunal ruled in favor of the applicant in an application for waiver of pre-deposit of interest under Section 11AB of the Central Excise Act. The Tribunal found that since duty was paid by reversing the credit at the end of each month, there was no default at the end of each month, making the demand for interest unsustainable. Consequently, the Tribunal waived the pre-deposit of the entire interest amount and granted the stay petition, relieving the applicant from the obligation to make the pre-deposit. Case-Laws Central Excise Wed, 17 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125306