https://www.taxtmi.com/caselaws?id=757345 CESTAT Bangalore held that interest on short-paid duty following provisional assessment finalization must be calculated from the succeeding month when duty was payable, following SC precedent in Steel Authority of India Ltd. The appellant voluntarily discharged differential duty and chose not to claim refund of excess duty paid to related undertaking. Matter remanded to adjudicating authority for proper interest calculation on differential short-paid duty for FY 2008-09 and 2009-10. Impugned orders modified and appeals disposed of by remand. en-us Mon, 19 Aug 2024 00:00:00 +0530 Thu, 22 Aug 2024 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757345 CESTAT Bangalore held that interest on short-paid duty following provisional assessment finalization must be calculated from the succeeding month when duty was payable, following SC precedent in Steel Authority of India Ltd. The appellant voluntarily discharged differential duty and chose not to claim refund of excess duty paid to related undertaking. Matter remanded to adjudicating authority for proper interest calculation on differential short-paid duty for FY 2008-09 and 2009-10. Impugned orders modified and appeals disposed of by remand. Case-Laws Central Excise Mon, 19 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757345