2016 (1) TMI 1345 - SCH - Central Excise

Provisional Assessment - Demand of interest on payment of differential duty before formal finalization of assessment - the decision in the case of CEAT Limited Versus The Commissioner of Central Excise & Customs Nashik 2015 (2) TMI 794 - BOMBAY HIGH COURT contested where it was held that 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) - Held that - the decision in the above case upheld - delay condoned - SLP dismissed.

Summary

The Supreme Court dismissed the special leave petition while condoning the delay. The question of law remains open. (Case citation: 2016 (1) TMI 1345 - SC)