https://www.taxtmi.com/caselaws?id=267397 The challenge against the demand of interest under Section 11AB in relation to duty paid after the clearance of goods due to price variations was successful. The appellant's argument that interest on differential duty cannot be demanded for the period between clearance and issuance of supplementary invoices was upheld. The judgment of the Hon'ble Karnataka High Court in a similar case was relied upon, leading to the conclusion that interest on duty arising from price escalation as per the RBI index was not chargeable. Consequently, the impugned order was set aside, and the appeals of the appellants were allowed. en-us Fri, 26 Jun 2015 00:00:00 +0530 Thu, 05 Nov 2015 00:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267397 The challenge against the demand of interest under Section 11AB in relation to duty paid after the clearance of goods due to price variations was successful. The appellant's argument that interest on differential duty cannot be demanded for the period between clearance and issuance of supplementary invoices was upheld. The judgment of the Hon'ble Karnataka High Court in a similar case was relied upon, leading to the conclusion that interest on duty arising from price escalation as per the RBI index was not chargeable. Consequently, the impugned order was set aside, and the appeals of the appellants were allowed. Case-Laws Central Excise Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267397