2015 (12) TMI 1587 - SCH - Central Excise

Provisional Assessment - Demand of interest on payment of differential duty before formal finalization of assessment - Held that - We do not find any merit in this petition. HC order confirmed 2015 (2) TMI 794 - BOMBAY HIGH COURT saying the liability to pay interest arises on any amount payable to Central Government and consequent to order for final assessment under Rule 7 subrule (3). We are in agreement with the Assessee in the present case that the later part of sub-rule (4) is not attracted. The liability to pay interest on any amount payable to Central Government consequent to order for final assessment is not a situation to be found in the present case.

Summary

The Supreme Court dismissed the special leave petition as it found no merit in the case. Delay was condoned, and any pending application was disposed of.