Excess Duty Adjustment Allowed Against Short Paid Duty in Provisional Assessment; Interest Applies on Remaining Shortfall.

Excess Duty Adjustment Allowed Against Short Paid Duty in Provisional Assessment; Interest Applies on Remaining Shortfall. https://www.taxtmi.com/highlights?id=31183 Whether excess paid duty can be adjusted against the short paid duty, essentially when the assessment is provisional - Held Yes - since after adjusting the duty liability from the excess paid duty further amount is payable, the interest liability is required to be discharged for short payment of such duty - AT en-us Mon, 12 Sep 2016 21:19:49 +0530 Mon, 12 Sep 2016 21:19:49 +0530 TaxTMI RSS Generator Excess Duty Adjustment Allowed Against Short Paid Duty in Provisional Assessment; Interest Applies on Remaining Shortfall. https://www.taxtmi.com/highlights?id=31183 Whether excess paid duty can be adjusted against the short paid duty, essentially when the assessment is provisional - Held Yes - since after adjusting the duty liability from the excess paid duty further amount is payable, the interest liability is required to be discharged for short payment of such duty - AT Highlights Central Excise Mon, 12 Sep 2016 21:19:49 +0530 https://www.taxtmi.com/highlights?id=31183