https://www.taxtmi.com/caselaws?id=332220 The Tribunal allowed the appeal in favor of the appellant, setting aside the impugned order regarding the adjustment of excess paid duty against short paid duty in provisional assessment. The Tribunal held that such adjustment was permissible under the law, citing a relevant Larger Bench decision. However, it emphasized that any further amount payable after adjustment would attract interest liability, as per established legal principles. The matter was remanded to the adjudicating authority for the proper computation of interest liability, stressing the importance of accurately quantifying interest liability for any short payment of duty. en-us Fri, 08 Jul 2016 00:00:00 +0530 Mon, 12 Sep 2016 16:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332220 The Tribunal allowed the appeal in favor of the appellant, setting aside the impugned order regarding the adjustment of excess paid duty against short paid duty in provisional assessment. The Tribunal held that such adjustment was permissible under the law, citing a relevant Larger Bench decision. However, it emphasized that any further amount payable after adjustment would attract interest liability, as per established legal principles. The matter was remanded to the adjudicating authority for the proper computation of interest liability, stressing the importance of accurately quantifying interest liability for any short payment of duty. Case-Laws Central Excise Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332220