https://www.taxtmi.com/caselaws?id=362091 The Tribunal and subsequently the High Court ruled in favor of the appellant, holding that interest on duty paid during provisional assessment is not payable if the final assessment is completed and duty paid before the final assessment. Citing previous judgments, including Ispat Industries Ltd., the courts found the issue settled and allowed the appeal, emphasizing that interest under Rule 7(4) of the Central Excise Rules is only payable if the duty is paid after final assessment. The appellant was not held liable to pay interest, and the appeal was disposed of in favor of the assessee without costs. en-us Thu, 24 May 2018 00:00:00 +0530 Wed, 20 Jun 2018 10:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362091 The Tribunal and subsequently the High Court ruled in favor of the appellant, holding that interest on duty paid during provisional assessment is not payable if the final assessment is completed and duty paid before the final assessment. Citing previous judgments, including Ispat Industries Ltd., the courts found the issue settled and allowed the appeal, emphasizing that interest under Rule 7(4) of the Central Excise Rules is only payable if the duty is paid after final assessment. The appellant was not held liable to pay interest, and the appeal was disposed of in favor of the assessee without costs. Case-Laws Central Excise Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362091