https://www.taxtmi.com/caselaws?id=449278 The Tribunal ruled that no interest is payable on delayed oil cess payments under Section 11AB of the Central Excise Act, 1944, as the Oil Industry Development Act does not mandate interest on such delays. The Tribunal upheld the decision of the Ld. Commissioner (Appeals) and rejected the department's appeal, confirming that Section 15(4) of the OID Act does not address interest payments, thereby preventing the imposition of interest on the Respondent for the delayed payment of oil cess. en-us Fri, 24 Nov 2023 00:00:00 +0530 Fri, 09 Feb 2024 07:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449278 The Tribunal ruled that no interest is payable on delayed oil cess payments under Section 11AB of the Central Excise Act, 1944, as the Oil Industry Development Act does not mandate interest on such delays. The Tribunal upheld the decision of the Ld. Commissioner (Appeals) and rejected the department's appeal, confirming that Section 15(4) of the OID Act does not address interest payments, thereby preventing the imposition of interest on the Respondent for the delayed payment of oil cess. Case-Laws Central Excise Fri, 24 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449278