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TMI BlogInterest Liabilities on rate increasedX X X X Extracts X X X X X X X X Extracts X X X X ..... Interest Liabilities on rate increased X X X X Extracts X X X X X X X X Extracts X X X X ..... y automobile components on the bais of PO where is rate and quantity are mentioned. However, we use to get rate increases from th e said Customer from past period . For getting the increased value of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the past period, a supplimentary invoice is issued by the Company and appropriate differential excise duty is paid thereon. Our Query is that:- Do we need to pay interest on the differencial excise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duty , as above, paid by the company. ? Pl. give us your Expert Legal Opinion. Regards Pradeep Jain Reply By Pradeep Khatri: The Reply: It has been clarified that if differential dut is paid late ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, interest under Section 11AB will be payable for differential amount paid later, as section 11AB includes provision for payment of interest when differential duty is paid under Section 11AB(2B)- MF ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (DR) letter 0574/CE/5/Misc/203 dated 28-07-2003. Reply By Sanjay Sharma: The Reply: Dear Pradeepji, Interest payable on differenttial duty when price revised later -Supreme Cour of India. Leviabil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity of interest on differential duty confrimed by the Apex Court in - Commissioner of Central Excise, pune v. SKF India Ltd- 2009(239 E.L.T. 385 (S.C) = 2009 (7) TMI 6 - SUPREME COURT Regards, Sanj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay Sharma X X X X Extracts X X X X X X X X Extracts X X X X
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