2017 (2) TMI 1359

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....R The issue involved in the present case is, whether the interest under Rule 7(4) of Central Excise Rules, 2002 is chargeable on the differential duty paid before finalization of the provisional assessment. 2. Shri. Rajesh Ostwal, Ld. Counsel for the appellant submits that very same issue has been considered by this Tribunal in their own case reported as Tata Motors Ltd Vs. CCE[2008(226) ELT 563....

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....7(4) provides for charging interest. Even though differential duty was paid prior to final assessment but the said duty is determined at the time of final assessment in terms of Rule 7. Therefore time of payment is immaterial, interest is chargeable from 5th of succeeding month for which duty was payable. 4. I have carefully considered the submissions made by both sides and perused the record. 5....