M/S. Steel Authority Of India Ltd. (Unit ... vs Commissioner Of Central Excise Raipur

The Supreme Court addressed the issue of whether interest is payable on differential excise duty with retrospective effect under Section 11AB of the Central Excise Act, 1944. The Court doubted the correctness of previous judgments in CCE v. SKF India Ltd. and CCE v. International Auto Ltd., leading to a re-evaluation of the legal principles surrounding interest on excise duty. The Court ultimately held that the provisions of Section 11AB apply, affirming the liability of the appellant to pay interest on the differential excise duty assessed.