https://www.taxtmi.com/caselaws?id=48524 Interest on differential excise duty was considered in the context of goods transferred to depots and consignment agents where the assessee, after applying the nearest-time valuation method under Rule 7 of the Central Excise Valuation Rules, 2000, paid the shortfall voluntarily on receipt of outlet information. On those facts, there was no default in the fortnightly or monthly duty payment schedule contemplated by the periodic collection rules, so Rule 173G(1)(d) of the Central Excise Rules, 1944 and Rule 8 of the Central Excise Rules, 2001/2002 could not be invoked to levy interest. The assessee's challenge succeeded and interest was held not payable. en-us Mon, 20 Apr 2009 00:00:00 +0530 Tue, 11 Nov 2014 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48524 Interest on differential excise duty was considered in the context of goods transferred to depots and consignment agents where the assessee, after applying the nearest-time valuation method under Rule 7 of the Central Excise Valuation Rules, 2000, paid the shortfall voluntarily on receipt of outlet information. On those facts, there was no default in the fortnightly or monthly duty payment schedule contemplated by the periodic collection rules, so Rule 173G(1)(d) of the Central Excise Rules, 1944 and Rule 8 of the Central Excise Rules, 2001/2002 could not be invoked to levy interest. The assessee's challenge succeeded and interest was held not payable. Case-Laws Central Excise Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48524