https://www.taxtmi.com/caselaws?id=446622 Interest on differential duty arising from provisional assessments made for clearances before 1 July 2001 was not attracted merely because finalisation occurred after the Central Excise Rules, 2002 came into force. The Board clarification treated the interest provision in Rule 7 as applicable only to provisional assessments resorted to on or after 1 July 2001. On that basis, and following the earlier view in the appellant's own case and the Bombay HC ruling, pre-2001 provisional assessments did not carry interest liability under the later rule. The interest demand on the impugned assessments could therefore not be sustained. en-us Wed, 06 Dec 2023 00:00:00 +0530 Fri, 08 Dec 2023 08:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446622 Interest on differential duty arising from provisional assessments made for clearances before 1 July 2001 was not attracted merely because finalisation occurred after the Central Excise Rules, 2002 came into force. The Board clarification treated the interest provision in Rule 7 as applicable only to provisional assessments resorted to on or after 1 July 2001. On that basis, and following the earlier view in the appellant's own case and the Bombay HC ruling, pre-2001 provisional assessments did not carry interest liability under the later rule. The interest demand on the impugned assessments could therefore not be sustained. Case-Laws Central Excise Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446622