https://www.taxtmi.com/caselaws?id=154913 The Tribunal upheld the decision that the assessees are not liable to pay interest of Rs. 40,21,272/- for the period 26-8-1995 to 31-3-2001, as there was no ascertained duty to be paid following the setting aside of the original order. The Tribunal clarified that interest is compensatory and should only be paid when there is an established duty. Since the duty was only determined on 26-12-2000, interest could not be demanded once the duty was paid on 17th July 2002. The Tribunal rejected the Revenue's appeal, affirming that the assessees are not obligated to pay interest. en-us Wed, 09 Dec 2009 00:00:00 +0530 Tue, 30 May 2017 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154913 The Tribunal upheld the decision that the assessees are not liable to pay interest of Rs. 40,21,272/- for the period 26-8-1995 to 31-3-2001, as there was no ascertained duty to be paid following the setting aside of the original order. The Tribunal clarified that interest is compensatory and should only be paid when there is an established duty. Since the duty was only determined on 26-12-2000, interest could not be demanded once the duty was paid on 17th July 2002. The Tribunal rejected the Revenue's appeal, affirming that the assessees are not obligated to pay interest. Case-Laws Central Excise Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154913