https://www.taxtmi.com/caselaws?id=170429 The Tribunal upheld the demand for interest under Section 11AB on the appellants for the payment of the differential duty amounts on goods cleared based on revised prices and supplementary invoices. The Tribunal rejected the appellants' arguments on transaction value principles and confirmed that the payment of differential duty attracts interest under Section 11AB, citing precedents such as SKF India Ltd. and International Auto Ltd. cases. The decision distinguished the Karnataka High Court's ruling in the BHEL case and affirmed the levy of interest on the appellants for the post-clearance payment of differential duty. en-us Thu, 21 Oct 2010 00:00:00 +0530 Wed, 27 May 2015 15:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170429 The Tribunal upheld the demand for interest under Section 11AB on the appellants for the payment of the differential duty amounts on goods cleared based on revised prices and supplementary invoices. The Tribunal rejected the appellants' arguments on transaction value principles and confirmed that the payment of differential duty attracts interest under Section 11AB, citing precedents such as SKF India Ltd. and International Auto Ltd. cases. The decision distinguished the Karnataka High Court's ruling in the BHEL case and affirmed the levy of interest on the appellants for the post-clearance payment of differential duty. Case-Laws Central Excise Thu, 21 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170429