https://www.taxtmi.com/caselaws?id=262892 The Appellate Tribunal CESTAT CHENNAI held that assessees are liable to pay interest under Section 11AB of the Central Excise Act, 1944 on differential duty paid due to price escalation after goods clearance through supplementary invoices. The Tribunal followed the precedent set by the Supreme Court in a similar case, ruling that interest is payable on such differential duty payments but penalties should not be imposed. The Tribunal upheld the demand for interest while setting aside any penalties, disposing of all appeals accordingly. en-us Thu, 31 Oct 2013 00:00:00 +0530 Fri, 21 Aug 2015 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262892 The Appellate Tribunal CESTAT CHENNAI held that assessees are liable to pay interest under Section 11AB of the Central Excise Act, 1944 on differential duty paid due to price escalation after goods clearance through supplementary invoices. The Tribunal followed the precedent set by the Supreme Court in a similar case, ruling that interest is payable on such differential duty payments but penalties should not be imposed. The Tribunal upheld the demand for interest while setting aside any penalties, disposing of all appeals accordingly. Case-Laws Central Excise Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262892