Excise Duty Liability to be Assessed in Aggregate: CESTAT allows Set Off of Excess Duty Payments Against Shortfalls without Interest Charges [Read Order]

The CESTAT ruled that excess excise duty payments can offset shortfalls, rejecting revenue’s interest charges. The decision stresses that excise duty liabilities should be assessed in aggregate.
By Devanand T R - On November 9, 2024 3:12 pm - 2 mins read
CESTAT Chennai - CESTAT - Excise Duty - Excise Duty Liability - Assessed in Aggregate - CESTAT Allows - Set Off - Excess Duty Payments - Shortfalls - Interest Charges - taxscan

The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), Chennai, has allowed the set off of excess excise duty payments against any shortfalls within the same assessment period without attracting interest charges. The decision came in response to the appeal filed by M/s. Jonas Woodhead & Sons (India) Ltd. The CESTAT ruled in…

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