https://www.taxtmi.com/caselaws?id=34870 The Supreme Court ruled in favor of levying interest under Section 11AB of the Central Excise Act on the differential duty amount resulting from price revisions by dealer-assessees. The Court overturned the Tribunal's decision, emphasizing that the payment of differential duty due to upward price revisions attracts interest under Section 11AB. This decision aligns with the SKF India Ltd. case, establishing consistency in the interpretation and application of the law regarding interest on duty differentials. Consequently, the appeals were allowed, and the imposition of interest on the revised duty amount was upheld. en-us Thu, 29 Oct 2009 00:00:00 +0530 Thu, 05 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34870 The Supreme Court ruled in favor of levying interest under Section 11AB of the Central Excise Act on the differential duty amount resulting from price revisions by dealer-assessees. The Court overturned the Tribunal's decision, emphasizing that the payment of differential duty due to upward price revisions attracts interest under Section 11AB. This decision aligns with the SKF India Ltd. case, establishing consistency in the interpretation and application of the law regarding interest on duty differentials. Consequently, the appeals were allowed, and the imposition of interest on the revised duty amount was upheld. Case-Laws Central Excise Thu, 29 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34870