https://www.taxtmi.com/caselaws?id=267009 The Supreme Court upheld the imposition of interest under Section 11AB of the Central Excise Act, 1944, on a respondent-assessee for short payment of excise duty, despite rectification. The Court overturned the High Court's decision, clarifying the correct interpretation of Section 11A(2B) and ruling that interest is payable on the amount paid by the person and the short payment of duty determined by the Central Excise Office. en-us Wed, 30 Sep 2015 00:00:00 +0530 Tue, 05 Jan 2016 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267009 The Supreme Court upheld the imposition of interest under Section 11AB of the Central Excise Act, 1944, on a respondent-assessee for short payment of excise duty, despite rectification. The Court overturned the High Court's decision, clarifying the correct interpretation of Section 11A(2B) and ruling that interest is payable on the amount paid by the person and the short payment of duty determined by the Central Excise Office. Case-Laws Central Excise Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267009