https://www.taxtmi.com/caselaws?id=152039 Interest under Section 11AA of the Central Excise Act, read with Rule 57-I(3), applies to confirmed Modvat credit demands where payment is not made within the prescribed period. The text explains that the interest provision covers demands confirmed after the amendment and extends to recovery of wrongly taken Modvat credit. It also states that, for interest calculation, no distinction is made between amounts paid in cash and amounts discharged through credit; interest is leviable on the entire unpaid confirmed demand until payment is made. en-us Tue, 08 Sep 2009 00:00:00 +0530 Sat, 22 Jun 2013 12:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152039 Interest under Section 11AA of the Central Excise Act, read with Rule 57-I(3), applies to confirmed Modvat credit demands where payment is not made within the prescribed period. The text explains that the interest provision covers demands confirmed after the amendment and extends to recovery of wrongly taken Modvat credit. It also states that, for interest calculation, no distinction is made between amounts paid in cash and amounts discharged through credit; interest is leviable on the entire unpaid confirmed demand until payment is made. Case-Laws Central Excise Tue, 08 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152039