https://www.taxtmi.com/caselaws?id=205296 The High Court admitted the appeals to consider substantial questions of law regarding the interpretation of interest provisions under Rule 7(4) of Central Excise Rules, 2002. The Court disagreed with the Tribunal's interpretation, stating that interest is payable from the due date of duty adjustment, not the final assessment order date. It clarified that interest is due on short paid duty from the duty's due date, irrespective of the final assessment order date. Consequently, the Court allowed the appeal, setting aside the Tribunal's order and ruling in favor of the revenue on the substantial question of law. en-us Tue, 01 Mar 2011 00:00:00 +0530 Wed, 24 Aug 2011 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205296 The High Court admitted the appeals to consider substantial questions of law regarding the interpretation of interest provisions under Rule 7(4) of Central Excise Rules, 2002. The Court disagreed with the Tribunal's interpretation, stating that interest is payable from the due date of duty adjustment, not the final assessment order date. It clarified that interest is due on short paid duty from the duty's due date, irrespective of the final assessment order date. Consequently, the Court allowed the appeal, setting aside the Tribunal's order and ruling in favor of the revenue on the substantial question of law. Case-Laws Central Excise Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205296