https://www.taxtmi.com/caselaws?id=349182 The Tribunal upheld the demand for interest under Section 11AA of the Central Excise Act in two appeals, dismissing the companies' arguments against retrospective liability. Relying on a High Court judgment and Tribunal decision, the Tribunal found Section 11AA to have retrospective applicability, emphasizing the proviso's clear intention. The Board Circular related to a different section was deemed inapplicable. The judgment highlighted the parties' contentions, legal interpretations, and ultimately affirmed the liability for interest payment under Section 11AA. en-us Tue, 08 Aug 2017 00:00:00 +0530 Mon, 09 Oct 2017 11:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349182 The Tribunal upheld the demand for interest under Section 11AA of the Central Excise Act in two appeals, dismissing the companies' arguments against retrospective liability. Relying on a High Court judgment and Tribunal decision, the Tribunal found Section 11AA to have retrospective applicability, emphasizing the proviso's clear intention. The Board Circular related to a different section was deemed inapplicable. The judgment highlighted the parties' contentions, legal interpretations, and ultimately affirmed the liability for interest payment under Section 11AA. Case-Laws Central Excise Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349182