https://www.taxtmi.com/caselaws?id=355144 The Tribunal held that interest under Rule 7(4) of the Central Excise Rules, 2002 is payable after finalization of provisional assessment, not immediately after. Relying on a Bombay High Court decision upheld by the Supreme Court, the Tribunal favored the appellant over the Revenue's stance supported by an Allahabad High Court judgment. The Tribunal emphasized the binding nature of the Supreme Court decision, setting aside the impugned order and granting relief to the appellant in accordance with the law. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 10 Feb 2018 07:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355144 The Tribunal held that interest under Rule 7(4) of the Central Excise Rules, 2002 is payable after finalization of provisional assessment, not immediately after. Relying on a Bombay High Court decision upheld by the Supreme Court, the Tribunal favored the appellant over the Revenue's stance supported by an Allahabad High Court judgment. The Tribunal emphasized the binding nature of the Supreme Court decision, setting aside the impugned order and granting relief to the appellant in accordance with the law. Case-Laws Central Excise Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355144