https://www.taxtmi.com/caselaws?id=776741 Interest under Section 11AB of the Central Excise Act, 1944 was treated as not recoverable on duty confirmed for transit loss of petroleum products moved under warehousing procedure, because the duty was paid within the prescribed period and the record did not establish fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty. For the period before 11.05.2001, the unamended provision applied only where short-levy or non-levy arose from such culpable conduct, and the amended regime could not be used retrospectively for earlier liabilities. The article notes that penalty was dropped and that these statutory conditions for interest were not met. en-us Thu, 14 Aug 2025 00:00:00 +0530 Tue, 19 Aug 2025 08:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776741 Interest under Section 11AB of the Central Excise Act, 1944 was treated as not recoverable on duty confirmed for transit loss of petroleum products moved under warehousing procedure, because the duty was paid within the prescribed period and the record did not establish fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty. For the period before 11.05.2001, the unamended provision applied only where short-levy or non-levy arose from such culpable conduct, and the amended regime could not be used retrospectively for earlier liabilities. The article notes that penalty was dropped and that these statutory conditions for interest were not met. Case-Laws Central Excise Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776741