https://www.taxtmi.com/caselaws?id=4645 The appeal filed by M/s. Senthil Engineering Co. regarding waiver of predeposit and stay of recovery of demanded amount for interest due on delayed payment of duty and penalty under Central Excise Rules, 2002 was allowed by the Appellate Tribunal CESTAT, CHENNAI. The Tribunal held that interest is not payable if the additional duty was promptly paid upon learning of the price revision, as per the judgment of the Bombay High Court. The case was remanded for reconsideration in light of this finding, emphasizing that interest is only applicable if there was a delay in paying the revised duty amount. en-us Thu, 17 Jan 2008 00:00:00 +0530 Fri, 18 Jul 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4645 The appeal filed by M/s. Senthil Engineering Co. regarding waiver of predeposit and stay of recovery of demanded amount for interest due on delayed payment of duty and penalty under Central Excise Rules, 2002 was allowed by the Appellate Tribunal CESTAT, CHENNAI. The Tribunal held that interest is not payable if the additional duty was promptly paid upon learning of the price revision, as per the judgment of the Bombay High Court. The case was remanded for reconsideration in light of this finding, emphasizing that interest is only applicable if there was a delay in paying the revised duty amount. Case-Laws Central Excise Thu, 17 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4645