https://www.taxtmi.com/caselaws?id=786853 Rule 7(4) of the Central Excise Rules prescribes interest on amounts determined on final assessment from the month following determination until payment. The central question is whether that interest attaches where the assessee paid the differential duty before finalisation of a provisional assessment. Applying binding precedent, including the principle that prepayment of the correct differential discharges the liability that interest would otherwise seek to enforce, the analysis concludes that interest is not payable in such circumstances and the order confirming interest is set aside with consequential relief to the assessee. en-us Thu, 11 Sep 2025 00:00:00 +0530 Sat, 21 Feb 2026 09:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786853 Rule 7(4) of the Central Excise Rules prescribes interest on amounts determined on final assessment from the month following determination until payment. The central question is whether that interest attaches where the assessee paid the differential duty before finalisation of a provisional assessment. Applying binding precedent, including the principle that prepayment of the correct differential discharges the liability that interest would otherwise seek to enforce, the analysis concludes that interest is not payable in such circumstances and the order confirming interest is set aside with consequential relief to the assessee. Case-Laws Central Excise Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786853