https://www.taxtmi.com/caselaws?id=399984 Interest is payable on differential duty and service tax where the price of coal or other services is retrospectively enhanced under the governing agreement, because the enhanced value relates back to the original date of removal or supply. On that settled principle, the tax liability arises from the earlier point in time and delayed payment attracts interest from that date, not from the later date of final price fixation. Notices issued under Section 87 of the Finance Act, 1994 on this basis were therefore treated as legally sustainable and not vulnerable to challenge for want of jurisdiction or arbitrariness. en-us Wed, 14 Oct 2020 00:00:00 +0530 Wed, 10 Feb 2021 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399984 Interest is payable on differential duty and service tax where the price of coal or other services is retrospectively enhanced under the governing agreement, because the enhanced value relates back to the original date of removal or supply. On that settled principle, the tax liability arises from the earlier point in time and delayed payment attracts interest from that date, not from the later date of final price fixation. Notices issued under Section 87 of the Finance Act, 1994 on this basis were therefore treated as legally sustainable and not vulnerable to challenge for want of jurisdiction or arbitrariness. Case-Laws Central Excise Wed, 14 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399984