https://www.taxtmi.com/caselaws?id=216328 The appeal was rejected, confirming that interest under Section 11AB of the Central Excise Act is payable even when the appellant's recipient unit could avail the paid duty as MODVAT credit. The Tribunal held that interest is mandatory for delayed duty payment, regardless of revenue neutrality. The decision was based on the clear statutory provisions, emphasizing that interest liability arises irrespective of the availability of credit to the recipient unit. en-us Tue, 07 Sep 2010 00:00:00 +0530 Fri, 07 Sep 2012 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216328 The appeal was rejected, confirming that interest under Section 11AB of the Central Excise Act is payable even when the appellant's recipient unit could avail the paid duty as MODVAT credit. The Tribunal held that interest is mandatory for delayed duty payment, regardless of revenue neutrality. The decision was based on the clear statutory provisions, emphasizing that interest liability arises irrespective of the availability of credit to the recipient unit. Case-Laws Central Excise Tue, 07 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216328