https://www.taxtmi.com/caselaws?id=1622 Interest under Section 11AB of the Central Excise Act was held inapplicable where the assessee had paid duty on the value known at the time of clearance and later discharged only the differential duty arising from a subsequent price revision before any show cause notice. On those facts, the additional amount did not constitute short levy or short payment in the statutory sense, and the conditions for invoking Section 11A(2) or Section 11A(2B) were not satisfied. The assessee was therefore not liable for the demanded interest. en-us Mon, 04 Jun 2007 00:00:00 +0530 Tue, 15 Apr 2008 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1622 Interest under Section 11AB of the Central Excise Act was held inapplicable where the assessee had paid duty on the value known at the time of clearance and later discharged only the differential duty arising from a subsequent price revision before any show cause notice. On those facts, the additional amount did not constitute short levy or short payment in the statutory sense, and the conditions for invoking Section 11A(2) or Section 11A(2B) were not satisfied. The assessee was therefore not liable for the demanded interest. Case-Laws Central Excise Mon, 04 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1622