No liability to pay interest in a revenue-neutral situation

Jai Balaji Industries Limited Vs Commissioner of Central Excise, Bolpur (CESTAT Kolkata)

The CESTAT, Kolkata in M/s Jai Balaji Industries Limited v. Commissioner of Central Excise, Bolpur [Excise Appeal No. 552 of 2011 dated June 22, 2023] set aside the order confirming interest on differential duty and held that where the differential duty paid by the assessee is available as CENVAT credit to the Assessee’s sister concern then it is a revenue-neutral situation. Thus, as duty was not actually paya

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