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Central Excise - Highlights / Catch Notes

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Interest u/s 11AB - Scope of Section 11AB - The provisions of ...


Section 11AB: Penal Interest Imposed for Delayed Clearances Post-Sept 28, 1996, Regardless of Adjudication Date in Central Excise.

June 20, 2015

Case Laws     Central Excise     HC

Interest u/s 11AB - Scope of Section 11AB - The provisions of Section 11AB, inserted w.e.f. 28th September, 1996 are in the nature of penal interest and would apply only to those cases where clearances were affected after 28th September, 1996, irrespective of the date of passing of the adjudication order. - HC

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