https://www.taxtmi.com/caselaws?id=384764 Interest under Section 11AB was payable on differential central excise duty arising from retrospective escalation of the sale price of goods. The goods were initially cleared at one price, and additional consideration was received later under an escalation arrangement; although the assessee discharged duty on the enhanced value, the dispute was whether interest applied for the period between clearance and later payment. Applying the governing valuation and interest provisions, and following Supreme Court authority that retrospective price enhancement relates back to the time of removal for duty and interest purposes, CESTAT held that interest was attracted on the differential duty paid later. The assessee's challenge failed. en-us Mon, 19 Aug 2019 00:00:00 +0530 Fri, 23 Aug 2019 07:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384764 Interest under Section 11AB was payable on differential central excise duty arising from retrospective escalation of the sale price of goods. The goods were initially cleared at one price, and additional consideration was received later under an escalation arrangement; although the assessee discharged duty on the enhanced value, the dispute was whether interest applied for the period between clearance and later payment. Applying the governing valuation and interest provisions, and following Supreme Court authority that retrospective price enhancement relates back to the time of removal for duty and interest purposes, CESTAT held that interest was attracted on the differential duty paid later. The assessee's challenge failed. Case-Laws Central Excise Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384764