https://www.taxtmi.com/caselaws?id=780394 Interest on delayed central excise duty under Rule 173G(1)(d) was construed literally as payable on the outstanding duty from the day after the due date until actual payment. Available CENVAT credit was not treated as actual payment on the relevant date, and the provision did not permit reducing the interest base by reference to that credit balance. The reducing-balance method was rejected, and interest was required to be computed on the full unpaid duty until discharge. en-us Wed, 15 Oct 2025 00:00:00 +0530 Thu, 30 Oct 2025 08:22:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780394 Interest on delayed central excise duty under Rule 173G(1)(d) was construed literally as payable on the outstanding duty from the day after the due date until actual payment. Available CENVAT credit was not treated as actual payment on the relevant date, and the provision did not permit reducing the interest base by reference to that credit balance. The reducing-balance method was rejected, and interest was required to be computed on the full unpaid duty until discharge. Case-Laws Central Excise Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780394