https://www.taxtmi.com/caselaws?id=174286 The Karnataka High Court dismissed the appeal challenging the Tribunal's decision on interest demand under Section 11AB of the Central Excise Act, 1944 for the period before the relevant amendment. The Court held that as the duty was payable before the Finance Bill, 2001 received the President's assent, the assessee was not liable to pay interest during that period. The amendment clarified that interest liability did not apply to cases before its enactment, leading to the dismissal of the appeal as no substantial question of law arose for consideration. en-us Thu, 15 Sep 2011 00:00:00 +0530 Tue, 20 Jun 2017 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174286 The Karnataka High Court dismissed the appeal challenging the Tribunal's decision on interest demand under Section 11AB of the Central Excise Act, 1944 for the period before the relevant amendment. The Court held that as the duty was payable before the Finance Bill, 2001 received the President's assent, the assessee was not liable to pay interest during that period. The amendment clarified that interest liability did not apply to cases before its enactment, leading to the dismissal of the appeal as no substantial question of law arose for consideration. Case-Laws Central Excise Thu, 15 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174286