Statutory interest on differential excise duty upheld from goods removal date.

The CESTAT ruled that interest on differential excise duty is a statutory obligation starting from the date goods are removed, regardless of when the differential duty is actually paid. This interest acts as compensation for any delay in duty payment. The appeal was dismissed, affirming the imposition of interest on differential duty paid prior to the finalization of provisional assessment under Rule 7(4) of the Central Excise Rules, 2002. .....

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