https://www.taxtmi.com/caselaws?id=32609 The High Court interpreted Section 11AB of the Central Excise Act, 1944 in a case involving recovery of interest on differential duty paid due to price variation. The Court held that interest is only payable if there was a clear liability to pay duty at the time of the transaction. Since there was no evidence that the buyer was aware of the additional amount payable under the escalation clause at the time of the transaction, the Court dismissed the appeal, concluding that no substantial question of law arose. en-us Tue, 22 Jul 2008 00:00:00 +0530 Mon, 16 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32609 The High Court interpreted Section 11AB of the Central Excise Act, 1944 in a case involving recovery of interest on differential duty paid due to price variation. The Court held that interest is only payable if there was a clear liability to pay duty at the time of the transaction. Since there was no evidence that the buyer was aware of the additional amount payable under the escalation clause at the time of the transaction, the Court dismissed the appeal, concluding that no substantial question of law arose. Case-Laws Central Excise Tue, 22 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32609