https://www.taxtmi.com/caselaws?id=128104 The Appellate Tribunal CESTAT MUMBAI ruled in favor of the Department in the case concerning the liability of the respondent to pay interest under Section 11AB of the Central Excise Act. The Tribunal held that the waiver of interest granted by the Commissioner (Appeals) was illegal as it contradicted the provisions of the Act. Consequently, the Tribunal set aside the waiver of interest and directed the assessee to pay the interest amount in accordance with the law. This decision emphasizes the importance of complying with statutory provisions when determining financial liabilities in excise matters. en-us Mon, 27 Jul 2009 00:00:00 +0530 Thu, 28 Mar 2013 16:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128104 The Appellate Tribunal CESTAT MUMBAI ruled in favor of the Department in the case concerning the liability of the respondent to pay interest under Section 11AB of the Central Excise Act. The Tribunal held that the waiver of interest granted by the Commissioner (Appeals) was illegal as it contradicted the provisions of the Act. Consequently, the Tribunal set aside the waiver of interest and directed the assessee to pay the interest amount in accordance with the law. This decision emphasizes the importance of complying with statutory provisions when determining financial liabilities in excise matters. Case-Laws Central Excise Mon, 27 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128104