https://www.taxtmi.com/caselaws?id=31955 The apex Court ruled in favor of the Revenue in 2004, upholding the interest liability on duty demand under Section 11AA of the Central Excise Act, 1944. The Tribunal vacated the original authority's decision on interest computation, remanding the matter for requantification. The appellant's eligibility for exemption on Polyester stable fibre was disputed, with the Tribunal initially vacating the decision but later affirmed by the Commissioner (Appeals). The Tribunal partly allowed the appeals, remanding for quantifying interest liability in line with legal provisions and judicial precedents on interest for delayed pre-deposit and rebate grant. en-us Fri, 27 Jun 2008 00:00:00 +0530 Sat, 03 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31955 The apex Court ruled in favor of the Revenue in 2004, upholding the interest liability on duty demand under Section 11AA of the Central Excise Act, 1944. The Tribunal vacated the original authority's decision on interest computation, remanding the matter for requantification. The appellant's eligibility for exemption on Polyester stable fibre was disputed, with the Tribunal initially vacating the decision but later affirmed by the Commissioner (Appeals). The Tribunal partly allowed the appeals, remanding for quantifying interest liability in line with legal provisions and judicial precedents on interest for delayed pre-deposit and rebate grant. Case-Laws Central Excise Fri, 27 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31955