https://www.taxtmi.com/caselaws?id=31902 The Tribunal concluded that interest under Section 11AB of the Central Excise Act is payable on the additional duty paid via supplementary invoices after price revision post-removal of goods. The differential duty paid was considered short-paid with reference to the time of removal, aligning with the compensation principle for the Revenue being deprived of the benefit of the unpaid duty. Due to conflicting judicial precedents, the matter was referred to a Larger Bench for a definitive ruling on whether the additional amount paid by the buyer constitutes part of the 'transaction value' and the applicability of Section 11A(2B) and Rule 7. en-us Mon, 25 Feb 2008 00:00:00 +0530 Mon, 29 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31902 The Tribunal concluded that interest under Section 11AB of the Central Excise Act is payable on the additional duty paid via supplementary invoices after price revision post-removal of goods. The differential duty paid was considered short-paid with reference to the time of removal, aligning with the compensation principle for the Revenue being deprived of the benefit of the unpaid duty. Due to conflicting judicial precedents, the matter was referred to a Larger Bench for a definitive ruling on whether the additional amount paid by the buyer constitutes part of the 'transaction value' and the applicability of Section 11A(2B) and Rule 7. Case-Laws Central Excise Mon, 25 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31902