https://www.taxtmi.com/caselaws?id=189240 The Hon'ble Supreme Court clarified that interest under Sec. 11AB of the Central Excise Act is leviable on delayed or deferred payment of duty, including payment of differential duty upon issuance of supplementary invoices. The Tribunal disagreed with a previous High Court decision, holding that the payment of differential duty constituted short payment of duty, attracting interest under section 11AB. However, the Tribunal found it inappropriate to impose a penalty under Sec. 11AC due to favorable decisions for the assessee prior to the Supreme Court ruling. The appeal by the Revenue was disposed of without costs. en-us Mon, 26 Nov 2012 00:00:00 +0530 Mon, 02 Jan 2017 18:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189240 The Hon'ble Supreme Court clarified that interest under Sec. 11AB of the Central Excise Act is leviable on delayed or deferred payment of duty, including payment of differential duty upon issuance of supplementary invoices. The Tribunal disagreed with a previous High Court decision, holding that the payment of differential duty constituted short payment of duty, attracting interest under section 11AB. However, the Tribunal found it inappropriate to impose a penalty under Sec. 11AC due to favorable decisions for the assessee prior to the Supreme Court ruling. The appeal by the Revenue was disposed of without costs. Case-Laws Central Excise Mon, 26 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189240