https://www.taxtmi.com/caselaws?id=32052 The Larger Bench concluded that manufacturers are liable to pay interest on the differential duty of excise in provisional assessment cases under Rule 7 of the Central Excise Rules, 2002. This liability exists even if the duty is paid voluntarily before the finalization of the assessment. Rule 7(4) mandates interest payment from the first day of the month following the month for which the duty is determined until the payment date. CBEC instructions do not override this statutory obligation. The appeal was directed to be listed before the Division Bench for further proceedings. en-us Tue, 30 Sep 2008 00:00:00 +0530 Mon, 23 Oct 2023 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32052 The Larger Bench concluded that manufacturers are liable to pay interest on the differential duty of excise in provisional assessment cases under Rule 7 of the Central Excise Rules, 2002. This liability exists even if the duty is paid voluntarily before the finalization of the assessment. Rule 7(4) mandates interest payment from the first day of the month following the month for which the duty is determined until the payment date. CBEC instructions do not override this statutory obligation. The appeal was directed to be listed before the Division Bench for further proceedings. Case-Laws Central Excise Tue, 30 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32052