https://www.taxtmi.com/caselaws?id=240731 The tribunal held that interest on delayed payment of cess under the Oil Industry (Development) Act, 1974 cannot be demanded under the Central Excise Act and its rules. The tribunal found that the OID Act does not provide for the demand of interest for delayed cess payment, contrary to the Central Excise Act. The Hon'ble High Court of Andhra Pradesh supported this view, emphasizing that interest can only be levied if the statute specifically allows it. As a result, the tribunal set aside the confirmation of interest payable by the appellant and allowed the appeal with consequential relief. en-us Wed, 05 Jun 2013 00:00:00 +0530 Thu, 02 Jan 2014 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240731 The tribunal held that interest on delayed payment of cess under the Oil Industry (Development) Act, 1974 cannot be demanded under the Central Excise Act and its rules. The tribunal found that the OID Act does not provide for the demand of interest for delayed cess payment, contrary to the Central Excise Act. The Hon'ble High Court of Andhra Pradesh supported this view, emphasizing that interest can only be levied if the statute specifically allows it. As a result, the tribunal set aside the confirmation of interest payable by the appellant and allowed the appeal with consequential relief. Case-Laws Central Excise Wed, 05 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240731