https://www.taxtmi.com/caselaws?id=178518 Interest was recoverable on wrongly availed MODVAT credit where the determined amount was not paid within the prescribed period, because Rule 57-I(3) itself created a self-contained liability to pay interest. Section 11AA of the Central Excise Act, 1944 was relevant only for determining the rate of interest. The omission to mention interest in the show-cause notice or adjudication order did not negate the statutory liability, since the obligation arose directly from the rule. Reliance on an earlier Tribunal ruling was held inapposite because that matter involved a notice issued before the interest provision came into force. en-us Mon, 23 Dec 2013 00:00:00 +0530 Mon, 08 Feb 2016 10:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178518 Interest was recoverable on wrongly availed MODVAT credit where the determined amount was not paid within the prescribed period, because Rule 57-I(3) itself created a self-contained liability to pay interest. Section 11AA of the Central Excise Act, 1944 was relevant only for determining the rate of interest. The omission to mention interest in the show-cause notice or adjudication order did not negate the statutory liability, since the obligation arose directly from the rule. Reliance on an earlier Tribunal ruling was held inapposite because that matter involved a notice issued before the interest provision came into force. Case-Laws Central Excise Mon, 23 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178518