2007 (6) TMI 15 - AT - Central Excise

Interest Revenue contended that appellant liable to pay interest on the duty liability discharged by respondents prior to the issue of the SCN Commissioner held that respondent not liable to pay interest

Summary

The Revenue challenged the Commissioner's order, arguing that the Respondents are not liable to pay interest as they had paid duty before the show cause notice. The Tribunal upheld the Commissioner's decision, stating that interest is not applicable as duty was paid based on known values and not on price revisions. The appeal was rejected.