Demand of Interest u/s 11B of Central Excise Act not valid in absence of knowledge on Price Escalation: CESTAT [Read Order]

The tribunal viewed that notice was issued on 19.09.2013, which is well beyond the normal period of limitation. Also none of the ingredients as contained in proviso to Section 11 A(1) being validly made out in the present case, the larger period of limitation, cannot be invoked
CESTAT - CESTAT Kolkata - Interest Demand - Central Excise Act - Price Escalation - section 11B Central Excise Act - taxscan

In a recent case the Kolkata bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that the demand of Interest under section 11B of Central Excise Act, 1944 is not valid in absence of knowledge on price escalation. The tribunal viewed that notice was issued on 19.09.2013, which is well…

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