https://www.taxtmi.com/caselaws?id=767309 CESTAT Chennai upheld 18% IGST rate on lithium-ion batteries under S. No. 376AA of Schedule III to Notification No. 01/2017 IT (Rate), rejecting appellant's claim for 12% rate under S. No. 203 of Schedule II. The tribunal applied plain interpretation principle, finding no ambiguity in the specific notification covering lithium-ion batteries. However, interest demand was set aside as Section 3 of Customs Tariff Act, 1975 lacked substantive provision for interest levy before August 16, 2024 amendment. Appeal partially allowed. en-us Tue, 11 Mar 2025 00:00:00 +0530 Sat, 15 Mar 2025 08:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767309 CESTAT Chennai upheld 18% IGST rate on lithium-ion batteries under S. No. 376AA of Schedule III to Notification No. 01/2017 IT (Rate), rejecting appellant's claim for 12% rate under S. No. 203 of Schedule II. The tribunal applied plain interpretation principle, finding no ambiguity in the specific notification covering lithium-ion batteries. However, interest demand was set aside as Section 3 of Customs Tariff Act, 1975 lacked substantive provision for interest levy before August 16, 2024 amendment. Appeal partially allowed. Case-Laws Customs Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767309