https://www.taxtmi.com/caselaws?id=272321 The Tribunal ruled in favor of the respondent assessees in a case concerning the liability of interest on differential duty under provisional assessment. It held that interest is not payable if the entire differential duty is paid before the finalization of the assessment order, in accordance with Rule 7(4) of the Central Excise Rules, 2002. The judgment emphasized that interest is only exigible when an amount is payable following the final assessment order, aligning with the interpretation provided by relevant judicial precedents, particularly those cited by the Bombay High Court. en-us Thu, 18 Feb 2016 00:00:00 +0530 Fri, 04 Mar 2016 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272321 The Tribunal ruled in favor of the respondent assessees in a case concerning the liability of interest on differential duty under provisional assessment. It held that interest is not payable if the entire differential duty is paid before the finalization of the assessment order, in accordance with Rule 7(4) of the Central Excise Rules, 2002. The judgment emphasized that interest is only exigible when an amount is payable following the final assessment order, aligning with the interpretation provided by relevant judicial precedents, particularly those cited by the Bombay High Court. Case-Laws Central Excise Thu, 18 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272321