https://www.taxtmi.com/caselaws?id=176612 Interest was leviable on delayed payment of central excise duty because default in payment by the due date was admitted and established from the record. Section 11AA of the Central Excise Act, 1944 was applied on the basis that interest is compensatory and accrues from the date of default until actual payment, reflecting delayed restoration of public revenue. The show cause notice issued on that footing was sustained, and the challenge to the demand failed. en-us Fri, 26 Aug 2011 00:00:00 +0530 Fri, 25 Dec 2015 11:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176612 Interest was leviable on delayed payment of central excise duty because default in payment by the due date was admitted and established from the record. Section 11AA of the Central Excise Act, 1944 was applied on the basis that interest is compensatory and accrues from the date of default until actual payment, reflecting delayed restoration of public revenue. The show cause notice issued on that footing was sustained, and the challenge to the demand failed. Case-Laws Central Excise Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176612