https://www.taxtmi.com/caselaws?id=125687 The Appellate Tribunal CESTAT, New Delhi set aside the interest payment decision by the Deputy Commissioner and Commissioner (Appeals) in a case involving the interpretation of Section 11AB(2) regarding delayed payment of duty. Relying on statutory provisions and precedent cases, the Tribunal ruled that interest on duty does not apply if duty became payable before a specific date. Consequently, the interest and penalty for non-payment of interest were revoked, and the appeal was allowed in favor of the appellant with any consequential relief as per the law. en-us Thu, 27 Nov 2008 00:00:00 +0530 Mon, 29 Oct 2012 11:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125687 The Appellate Tribunal CESTAT, New Delhi set aside the interest payment decision by the Deputy Commissioner and Commissioner (Appeals) in a case involving the interpretation of Section 11AB(2) regarding delayed payment of duty. Relying on statutory provisions and precedent cases, the Tribunal ruled that interest on duty does not apply if duty became payable before a specific date. Consequently, the interest and penalty for non-payment of interest were revoked, and the appeal was allowed in favor of the appellant with any consequential relief as per the law. Case-Laws Central Excise Thu, 27 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125687