https://www.taxtmi.com/caselaws?id=251381 The High Court upheld the applicability of interest on delayed payment under Section 11AB of the Central Excise Act, 1944. It emphasized the importance of paying interest for unintentional short payment of duty, particularly in cases of retrospective price revisions leading to differential duty payments. The court referred to previous Supreme Court decisions to support its ruling, rejecting arguments of a revenue-neutral scenario and highlighting the need to protect revenue. The judgment clarified that interest liability under Section 11AB applies to subsequent refixation of prices through supplementary invoices, emphasizing compliance with the Act's provisions. en-us Fri, 09 Dec 2011 00:00:00 +0530 Mon, 10 Apr 2017 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251381 The High Court upheld the applicability of interest on delayed payment under Section 11AB of the Central Excise Act, 1944. It emphasized the importance of paying interest for unintentional short payment of duty, particularly in cases of retrospective price revisions leading to differential duty payments. The court referred to previous Supreme Court decisions to support its ruling, rejecting arguments of a revenue-neutral scenario and highlighting the need to protect revenue. The judgment clarified that interest liability under Section 11AB applies to subsequent refixation of prices through supplementary invoices, emphasizing compliance with the Act's provisions. Case-Laws Central Excise Fri, 09 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251381