2011 (3) TMI 419 - AT - Central Excise

recovery of interest of Rs. 1,84,600/- on delayed payment of excise duty - The question of recovery of interest will arise only when the duty liability is finally determined - lower appellate authority has rightly set aside the recovery of the said amount at this stage i.e. prior to determination of duty liability which is pending before the Tribunal - Appeal is rejected

Summary

The Appellate Tribunal CESTAT, Chennai upheld the order setting aside the recovery of interest on delayed excise duty payment for jig wires and rods. Duty liability not yet determined. Appeal rejected.