https://www.taxtmi.com/caselaws?id=33319 The High Court held that the assessee was not liable to pay interest on goods cleared in the past with supplementary invoices issued due to price escalation. The court ruled that the provisions of Section 11AB were not attracted as there was no case of non-payment, short levy, or short payment under Section 11A(1) of the Central Excise Act. The court emphasized that interest compensates the revenue for being deprived of money to which it was entitled. The appeals by the revenue were dismissed in favor of the dealer based on legal interpretations and precedents. en-us Fri, 16 Jan 2009 00:00:00 +0530 Mon, 04 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33319 The High Court held that the assessee was not liable to pay interest on goods cleared in the past with supplementary invoices issued due to price escalation. The court ruled that the provisions of Section 11AB were not attracted as there was no case of non-payment, short levy, or short payment under Section 11A(1) of the Central Excise Act. The court emphasized that interest compensates the revenue for being deprived of money to which it was entitled. The appeals by the revenue were dismissed in favor of the dealer based on legal interpretations and precedents. Case-Laws Central Excise Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33319