https://www.taxtmi.com/caselaws?id=267278 The appellant was found not liable for interest on provisional assessment of goods cleared between April 2011 to March 2012, despite a show-cause notice demanding interest. The appellant's voluntary payment of the differential duty before finalization was crucial, as interest liability under Section 7(4) does not apply when duty is paid before finalization. The High Court's decision aligned with precedents, emphasizing that interest is not payable if duty is paid timely. The impugned order was set aside, and the appeal was allowed, emphasizing the importance of timely duty payment to avoid interest liabilities. en-us Fri, 05 Jun 2015 00:00:00 +0530 Tue, 03 Nov 2015 06:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267278 The appellant was found not liable for interest on provisional assessment of goods cleared between April 2011 to March 2012, despite a show-cause notice demanding interest. The appellant's voluntary payment of the differential duty before finalization was crucial, as interest liability under Section 7(4) does not apply when duty is paid before finalization. The High Court's decision aligned with precedents, emphasizing that interest is not payable if duty is paid timely. The impugned order was set aside, and the appeal was allowed, emphasizing the importance of timely duty payment to avoid interest liabilities. Case-Laws Central Excise Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267278