https://www.taxtmi.com/caselaws?id=51677 Interest on wrongly availed Modvat credit was treated as payable once duty had been determined by the proper officer and remained unpaid within the prescribed period under Rule 57-I(3) read with Section 11AA of the Central Excise Act. The later appellate proceedings did not defer the original determination, and interest was held recoverable for the unpaid amount after Section 11AA came into force. The argument that interest could arise only from the Tribunal's final settlement was rejected, because the demand followed the original adjudication. The plea of denial of hearing also failed, as the appellate order noted hearing on the grounds of appeal. en-us Fri, 08 Nov 2002 00:00:00 +0530 Mon, 27 Sep 2010 15:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51677 Interest on wrongly availed Modvat credit was treated as payable once duty had been determined by the proper officer and remained unpaid within the prescribed period under Rule 57-I(3) read with Section 11AA of the Central Excise Act. The later appellate proceedings did not defer the original determination, and interest was held recoverable for the unpaid amount after Section 11AA came into force. The argument that interest could arise only from the Tribunal's final settlement was rejected, because the demand followed the original adjudication. The plea of denial of hearing also failed, as the appellate order noted hearing on the grounds of appeal. Case-Laws Central Excise Fri, 08 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51677