Interest on delayed payment of oil cess - The tribunal concludes that interest cannot be charged on...

Interest on delayed payment of oil cess - The tribunal concludes that interest cannot be charged on delayed payment of oil cess under Section 11AB of the Central Excise Act, 1944. This decision is based on the interpretation of Section 15(4) of the Oil Industry Development Act, 1974 (OID Act), which does not provide for the payment of interest. .....

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