2010 (9) TMI 936 - AT - Central Excise

Summary

The appellate tribunal in Chennai held that the assessees are liable to pay interest for the period of demand of duty from 1-8-2001 to 30-4-2002. The lower appellate authority set aside the interest due to lack of mens rea, but mens rea is not required for interest levy under Section 11AB. The tribunal agreed with the Revenue that interest should be paid and allowed the appeals for recovery of interest. Cross-objections were dismissed as they were only comments on the Revenue's appeal.