https://www.taxtmi.com/caselaws?id=238264 The Tribunal clarified the applicability of interest under Section 11AB of the Central Excise Act in cases involving revision of prices with retrospective effect. The Appellant, disputing interest imposition due to price revisions, cited a contract escalation clause. The Tribunal, relying on legal precedents, directed the Appellant to deposit a specified amount within a timeframe, waiving the balance dues during the appeal's pendency. This decision underscores the importance of compliance with deposit requirements and considers the unique circumstances of each case in determining interest liability. en-us Fri, 16 Aug 2013 00:00:00 +0530 Sat, 19 Oct 2013 05:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238264 The Tribunal clarified the applicability of interest under Section 11AB of the Central Excise Act in cases involving revision of prices with retrospective effect. The Appellant, disputing interest imposition due to price revisions, cited a contract escalation clause. The Tribunal, relying on legal precedents, directed the Appellant to deposit a specified amount within a timeframe, waiving the balance dues during the appeal's pendency. This decision underscores the importance of compliance with deposit requirements and considers the unique circumstances of each case in determining interest liability. Case-Laws Central Excise Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238264