https://www.taxtmi.com/caselaws?id=253304 Interest under Section 11AA of the Central Excise Act was held not sustainable where the underlying duty demand was revenue neutral. The Tribunal found that excise duty paid on the intermediate product was available as Cenvat credit and that any duty on the captively consumed product would have been set off against credit arising at the final stage. The exemption notification did not change that revenue-neutral character, and the interest claim could not be separated from the neutralised duty demand to create an independent liability. The Revenue's challenge failed, and the Tribunal's finding of revenue neutrality was upheld. en-us Mon, 10 Nov 2014 00:00:00 +0530 Tue, 18 Aug 2015 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253304 Interest under Section 11AA of the Central Excise Act was held not sustainable where the underlying duty demand was revenue neutral. The Tribunal found that excise duty paid on the intermediate product was available as Cenvat credit and that any duty on the captively consumed product would have been set off against credit arising at the final stage. The exemption notification did not change that revenue-neutral character, and the interest claim could not be separated from the neutralised duty demand to create an independent liability. The Revenue's challenge failed, and the Tribunal's finding of revenue neutrality was upheld. Case-Laws Central Excise Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253304