Wednesday 30 April 2014

Interest was payable on differential duty even if it duty was paid before finalization of provisiona

Excise & Customs : In case of provisional assessment, where there is delay in payment of duty (part or full) for whatsoever reason, interest is required to be paid from first day of month succeeding month for which such duty is determined to date of payment of duty even if assessee has paid duty before finalisation of assessment


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