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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 ..... Sir, We do supply 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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the differencial excise 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 later, interest under Section 11AB will be payable for differential amount paid later, as section 11AB includes provision for payment of interest when differe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntial duty is paid under Section 11AB(2B)- MF (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. Leviability of interest on differential duty confrimed by the Apex Court in - Commissioner of Central Excise, pune v. SKF India Ltd - 2009(239 E.L. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T. 385 (S.C) = 2009 (7) TMI 6 - SUPREME COURT Regards, Sanjay Sharma - Interest Liabilities on rate increased - Query Started By: - Pradeep Jain Dated:- 17-1-2013 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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