Interest Payment Required Under Central Excise Act Section 11A; No Penalty Imposed Despite Interest Upheld Per Section 11AB.

Interest Payment Required Under Central Excise Act Section 11A; No Penalty Imposed Despite Interest Upheld Per Section 11AB. https://www.taxtmi.com/highlights?id=29419 Recovery of interest and imposition of penalty - Valuation - The duty was confirmed u/s 11A of the Act. As per Section 11AB when the duty is determined u/s 11A interest is required to be paid consequently u/s 11AB - levy of interest confirmed - no penalty - AT en-us Wed, 25 May 2016 08:38:45 +0530 Mon, 23 May 2016 20:03:46 +0530 TaxTMI RSS Generator Interest Payment Required Under Central Excise Act Section 11A; No Penalty Imposed Despite Interest Upheld Per Section 11AB. https://www.taxtmi.com/highlights?id=29419 Recovery of interest and imposition of penalty - Valuation - The duty was confirmed u/s 11A of the Act. As per Section 11AB when the duty is determined u/s 11A interest is required to be paid consequently u/s 11AB - levy of interest confirmed - no penalty - AT Highlights Central Excise Wed, 25 May 2016 08:38:45 +0530 https://www.taxtmi.com/highlights?id=29419