https://www.taxtmi.com/caselaws?id=269290 Interest under Section 11AB of the Central Excise Act on differential duty arising from later price escalation under a contractual price variation clause remained unresolved, as the Court examined whether such additional duty could be treated as short payment from the date of clearance and how Section 4 valuation and transaction value applied. It also considered whether the earlier rulings in SKF India and International Auto, and the compensatory nature of excise interest, required reconsideration. The matter was not decided on merits and was referred to the Chief Justice of India for constitution of a Larger Bench. en-us Mon, 07 Dec 2015 00:00:00 +0530 Tue, 15 Jul 2025 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269290 Interest under Section 11AB of the Central Excise Act on differential duty arising from later price escalation under a contractual price variation clause remained unresolved, as the Court examined whether such additional duty could be treated as short payment from the date of clearance and how Section 4 valuation and transaction value applied. It also considered whether the earlier rulings in SKF India and International Auto, and the compensatory nature of excise interest, required reconsideration. The matter was not decided on merits and was referred to the Chief Justice of India for constitution of a Larger Bench. Case-Laws Central Excise Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269290