2010 (5) TMI 363 - AT - Central Excise

Interest - Determination is the date from which interest liability would arise - The issue for determination is the date from which interest liability would arise - according to the assessees interest is payable from the date of order of the apex court confirming and reducing the demand while, according to the Revenue, interest is payable from the date of determination of liability to duty - Interest liability arises the moment duty is determined to be payable by the adjudicating authority

Summary

The Appellate Tribunal CESTAT, Chennai decided on the waiver of predeposit of interest. Interest liability arises from the date duty is determined to be payable. The appeal was dismissed, upholding the impugned order.