https://www.taxtmi.com/caselaws?id=250587 The Tribunal upheld the demand of interest on the payment of differential duty under provisional assessment orders. It clarified that interest is not chargeable on the part of the differential duty held as refundable. The Tribunal found that interest is payable under Rule 7(4) of the Central Excise Rules after finalization of assessment, rejecting the argument that no interest is payable if the duty was paid before finalization. The Tribunal directed the applicant to deposit 25% of the interest within a specified period, with the remaining balance waived upon compliance, and recovery stayed during the appeal. en-us Wed, 23 Apr 2014 00:00:00 +0530 Tue, 19 Aug 2014 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250587 The Tribunal upheld the demand of interest on the payment of differential duty under provisional assessment orders. It clarified that interest is not chargeable on the part of the differential duty held as refundable. The Tribunal found that interest is payable under Rule 7(4) of the Central Excise Rules after finalization of assessment, rejecting the argument that no interest is payable if the duty was paid before finalization. The Tribunal directed the applicant to deposit 25% of the interest within a specified period, with the remaining balance waived upon compliance, and recovery stayed during the appeal. Case-Laws Central Excise Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250587