https://www.taxtmi.com/caselaws?id=349544 The Tribunal dismissed the restoration application seeking reversal of the judgment based on non-appearance and merits of the case. It held that the liability of the appellant to pay interest on excess credit availed and reversed is continuous until settled, rejecting the argument that the demand for interest was time-barred. The Tribunal upheld the invocation of the extended period for the demand of interest, emphasizing the importance of promptly addressing such liabilities to avoid accusations of evasion. en-us Fri, 18 Aug 2017 00:00:00 +0530 Tue, 17 Oct 2017 08:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349544 The Tribunal dismissed the restoration application seeking reversal of the judgment based on non-appearance and merits of the case. It held that the liability of the appellant to pay interest on excess credit availed and reversed is continuous until settled, rejecting the argument that the demand for interest was time-barred. The Tribunal upheld the invocation of the extended period for the demand of interest, emphasizing the importance of promptly addressing such liabilities to avoid accusations of evasion. Case-Laws Central Excise Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349544