2014 (8) TMI 569 - AT - Central Excise

Interest on differential duty - Whether interest is payable under Section 11AB of the Central Excise Act, 1944 on the differential duty paid on supplementary invoices consequent to price increase - Held that - Supreme Court in the case of CCE, Pune Vs. SKF (India) Pvt. Ltd. 2009 (7) TMI 6 - SUPREME COURT has held that interest is payable on the differential duty paid on the basis of supplementary invoice on price escalation. In view of that, No reason to interfere with the order of the Commissioner (Appeals) - Decided against assessee.

Summary

The Appellate Tribunal CESTAT CHENNAI allowed the change of cause title from M/s. JKM Daerim Automotilbes Ltd. to M/s. Dynamatic Technologies Ltd. The appeal regarding interest payment on differential duty was dismissed based on the decision in the case of CCE, Pune Vs. SKF (India) Pvt. Ltd. 2009 (239) ELT 385 (SC).