https://www.taxtmi.com/caselaws?id=449278 Interest on delayed payment of oil cess could not be levied under Section 11AB of the Central Excise Act, 1944 because Section 15(4) of the Oil Industry Development Act, 1974 only borrowed the excise machinery for collection and did not create an express substantive charging provision for interest. The Tribunal followed the prior decision on the same issue and upheld the setting aside of the interest demand. 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 Interest on delayed payment of oil cess could not be levied under Section 11AB of the Central Excise Act, 1944 because Section 15(4) of the Oil Industry Development Act, 1974 only borrowed the excise machinery for collection and did not create an express substantive charging provision for interest. The Tribunal followed the prior decision on the same issue and upheld the setting aside of the interest demand. Case-Laws Central Excise Fri, 24 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449278