https://www.taxtmi.com/caselaws?id=256794 The Bombay HC ruled in favor of the assessee regarding interest liability on differential duty payments made before final assessment completion. The court held that under Rule 7, interest obligation arises only on amounts payable to Central Government consequent to final assessment orders. Since the final assessment resulted in no amount due to the government, no interest was recoverable on the differential duty paid during provisional assessment. The HC found the Tribunal erred in dismissing the appeal, emphasizing that interest liability requires specific statutory stipulation and cannot be imposed on equitable considerations alone. en-us Fri, 06 Feb 2015 00:00:00 +0530 Thu, 08 May 2025 17:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256794 The Bombay HC ruled in favor of the assessee regarding interest liability on differential duty payments made before final assessment completion. The court held that under Rule 7, interest obligation arises only on amounts payable to Central Government consequent to final assessment orders. Since the final assessment resulted in no amount due to the government, no interest was recoverable on the differential duty paid during provisional assessment. The HC found the Tribunal erred in dismissing the appeal, emphasizing that interest liability requires specific statutory stipulation and cannot be imposed on equitable considerations alone. Case-Laws Central Excise Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256794