https://www.taxtmi.com/caselaws?id=216790 The High Court overturned the Tribunal's decision, ruling that interest on delayed excise duty is payable even if duty was paid before the show cause notice. The Court emphasized the applicability of interest under Section 11AB, stating it is charged for revenue loss and to correct the value of goods. While setting aside the previous judgment, the Court remanded the case to the Tribunal for a fresh review. Additionally, the Court directed the Tribunal to reconsider the issue of penalty imposition, partially allowing the appeal and emphasizing the obligation to pay interest as demanded by the Revenue. en-us Thu, 21 Jul 2011 00:00:00 +0530 Sat, 22 Sep 2012 23:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216790 The High Court overturned the Tribunal's decision, ruling that interest on delayed excise duty is payable even if duty was paid before the show cause notice. The Court emphasized the applicability of interest under Section 11AB, stating it is charged for revenue loss and to correct the value of goods. While setting aside the previous judgment, the Court remanded the case to the Tribunal for a fresh review. Additionally, the Court directed the Tribunal to reconsider the issue of penalty imposition, partially allowing the appeal and emphasizing the obligation to pay interest as demanded by the Revenue. Case-Laws Central Excise Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216790