2011 (4) TMI 1083 - AT - Central Excise

Pre-deposit - interest on differential duty payable on amount collected by issue of supplementary invoices after clearance of goods Held that - differential duty consequent to issue of supplementary invoices stands paid on 12-5-2006. A show cause notice proposing demand of interest has been issued on 25-4-2008 and therefore the demand of interest is clearly time-barred appeal is allowed on limitation.

Summary

The Appellate Tribunal CESTAT, New Delhi waived pre-deposit and took up the appeal for final disposal. The issue was about interest on differential duty paid after goods clearance, settled in favor of Revenue by the Supreme Court. The demand for interest was time-barred as the show cause notice was issued after the payment of differential duty. The appeal was allowed on limitation, and the stay petition was disposed of.