Interest not leviable in case of revenue neutral situation

Steel Authority of India Limited Vs Commissioner of Central Excise (CESTAT Kolkata) CESTAT Kolkata held that payment of interest doesn’t arise in the case of revenue neutral situation and hence no interest is payable by the appellant. Facts- The appellant is engaged in the activity of manufacturing various steel products, namely, billets, rounds, HT Bars, blooms, etc. to its independent customers as well as clearing the same to its job workers. The said goods were cleared by the appellant to the job-workers upon payment of excise duty on value determined as per Rule 4 of the Central Excise V...