https://www.taxtmi.com/caselaws?id=51266 Interest on reversed Modvat credit could not be sustained while the underlying excise liability remained unsettled, because such interest arises only after the principal dispute has attained finality against the assessee. Where the adjudication order had been set aside or the matter remanded for fresh decision, the interest demand was premature and could not be maintained for the disputed serial numbers. The uncontested amounts were not treated in the same manner as the disputed demands, and the interest issue for those items required fresh consideration by the adjudicating authority. en-us Thu, 02 May 2002 00:00:00 +0530 Thu, 23 Sep 2010 17:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51266 Interest on reversed Modvat credit could not be sustained while the underlying excise liability remained unsettled, because such interest arises only after the principal dispute has attained finality against the assessee. Where the adjudication order had been set aside or the matter remanded for fresh decision, the interest demand was premature and could not be maintained for the disputed serial numbers. The uncontested amounts were not treated in the same manner as the disputed demands, and the interest issue for those items required fresh consideration by the adjudicating authority. Case-Laws Central Excise Thu, 02 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51266