https://www.taxtmi.com/caselaws?id=269633 The Tribunal ruled in favor of the appellants, sugar manufacturers, in a dispute concerning interest liability under section 11AB for a differential duty payment. The Tribunal held that since the alleged short payment was not due to fraud, the interest demand was time-barred as the duty was paid before the Finance Bill, 2001 received assent. The Tribunal found that the interest demand made after the expiry of one year from the relevant date was not valid, setting aside the impugned order and ruling in favor of the appellants. en-us Thu, 01 Jan 2015 00:00:00 +0530 Thu, 17 Dec 2015 22:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269633 The Tribunal ruled in favor of the appellants, sugar manufacturers, in a dispute concerning interest liability under section 11AB for a differential duty payment. The Tribunal held that since the alleged short payment was not due to fraud, the interest demand was time-barred as the duty was paid before the Finance Bill, 2001 received assent. The Tribunal found that the interest demand made after the expiry of one year from the relevant date was not valid, setting aside the impugned order and ruling in favor of the appellants. Case-Laws Central Excise Thu, 01 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269633