https://www.taxtmi.com/caselaws?id=48321 Interest on delayed excise duty under the compounded levy scheme was held not to be postponable merely because the annual capacity of production was determined later. The duty liability was linked to annual capacity, and where the assessee's capacity was initially fixed and later found, after litigation and remand, to remain the same for the earlier period, the pendency of capacity-determination proceedings did not defer interest from the date duty became payable. The claim that interest could arise only from final capacity determination was rejected, and the issue was decided against the assessee. No substantial question of law arose. en-us Mon, 11 Aug 2008 00:00:00 +0530 Tue, 03 Aug 2010 17:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48321 Interest on delayed excise duty under the compounded levy scheme was held not to be postponable merely because the annual capacity of production was determined later. The duty liability was linked to annual capacity, and where the assessee's capacity was initially fixed and later found, after litigation and remand, to remain the same for the earlier period, the pendency of capacity-determination proceedings did not defer interest from the date duty became payable. The claim that interest could arise only from final capacity determination was rejected, and the issue was decided against the assessee. No substantial question of law arose. Case-Laws Central Excise Mon, 11 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48321