https://www.taxtmi.com/caselaws?id=235311 The Tribunal remanded the case involving a bonded warehouse that paid excess duty on petroleum products due to price revisions. The Department sought interest under Section 11AB, but the appellant argued it was not applicable pre-14.05.2003 and was time-barred. The Tribunal noted factual discrepancies and remanded for verification. It held that interest should be governed by Section 11DD post-14.05.2003 if appellant's claims were accurate. The Tribunal clarified that interest, being statutory, was not subject to a limitation period. The matter was sent back for a fresh decision based on correct legal provisions and factual findings. en-us Fri, 08 Mar 2013 00:00:00 +0530 Fri, 16 Aug 2013 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235311 The Tribunal remanded the case involving a bonded warehouse that paid excess duty on petroleum products due to price revisions. The Department sought interest under Section 11AB, but the appellant argued it was not applicable pre-14.05.2003 and was time-barred. The Tribunal noted factual discrepancies and remanded for verification. It held that interest should be governed by Section 11DD post-14.05.2003 if appellant's claims were accurate. The Tribunal clarified that interest, being statutory, was not subject to a limitation period. The matter was sent back for a fresh decision based on correct legal provisions and factual findings. Case-Laws Central Excise Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235311