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Interest Liabilities on rate increased
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....nterest Liabilities on rate increased<br> Query (Issue) Started By: - Pradeep Jain Dated:- 17-1-2013 Last Reply Date:- 18-1-2013 Central Excise<br>Got 2 Replies<br>Central Excise<br>Sir, We do supply....
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.... automobile components on the bais of PO where is rate and quantity are mentioned. However, we use to get rate increases from th e said Customer from past period . For getting the increased value of t....
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....he past period, a supplimentary invoice is issued by the Company and appropriate differential excise duty is paid thereon. Our Query is that:- Do we need to pay interest on the differencial excise d....
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....uty , as above, paid by the company. ? Pl. give us your Expert Legal Opinion. Regards Pradeep Jain Reply By Pradeep Khatri: The Reply: It has been clarified that if differential dut is paid later....
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...., interest under Section 11AB will be payable for differential amount paid later, as section 11AB includes provision for payment of interest when differential duty is paid under Section 11AB(2B)- MF (....
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....DR) letter 0574/CE/5/Misc/203 dated 28-07-2003. Reply By Sanjay Sharma: The Reply: Dear Pradeepji, Interest payable on differenttial duty when price revised later -Supreme Cour of India. Leviabili....
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....ty of interest on differential duty confrimed by the Apex Court in - Commissioner of Central Excise, pune v. SKF India Ltd- 2009(239 E.L.T. 385 (S.C) = 2009 (7) TMI 6 - SUPREME COURT Regards, Sanja....
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....y Sharma<br> Discussion Forum - Knowledge Sharing ....