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Central Excise - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Demand of interest on differential duty - interest liability ...


Interest on Differential Duty Starts Month After Due Date for Cleared Goods, Even if Paid Before Assessment Finalized.

August 27, 2015

Case Laws     Central Excise     HC

Demand of interest on differential duty - interest liability would commence from the month succeeding the day on which the duty was due and payable in relation to the goods cleared. - interest is leviable even where differential duty was paid prior to the finalisation of the assessment - HC

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