M/S Steel Authority Of India Ltd vs Commr.Of Cen.Exc.Raipur

The Supreme Court examined whether interest is payable under Section 11AB of the Central Excise Act, 1944 on differential duty paid due to a price increase after the clearance of goods. The Court held that since the differential duty was paid voluntarily after the price revision and not at the time of clearance, interest is leviable under Section 11AB. The Court upheld the decision of the lower authorities, affirming the Revenue's stance on the matter.