https://www.taxtmi.com/caselaws?id=250453 Interest under Section 11AB of the Central Excise Act, 1944 is payable where differential excise duty arises from retrospective price escalation and is discharged later through supplementary invoices. The applicable principle is that delayed payment of duty following a later upward revision of contract price attracts interest for the period of delay. CESTAT Chennai followed earlier decisions recognising liability on such differential duty and found no infirmity in the appellate authority's order sustaining the demand. The challenge therefore failed and the interest demand was upheld. en-us Mon, 03 Mar 2014 00:00:00 +0530 Wed, 13 Aug 2014 08:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250453 Interest under Section 11AB of the Central Excise Act, 1944 is payable where differential excise duty arises from retrospective price escalation and is discharged later through supplementary invoices. The applicable principle is that delayed payment of duty following a later upward revision of contract price attracts interest for the period of delay. CESTAT Chennai followed earlier decisions recognising liability on such differential duty and found no infirmity in the appellate authority's order sustaining the demand. The challenge therefore failed and the interest demand was upheld. Case-Laws Central Excise Mon, 03 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250453