Bombay High Court Allows Appeal in Central Excise Classification Dispute — Interest Under Section 11AA Not Payable When Goods Cleared Under Provisional Assessment. Court holds that interest under Section 11AA of the Central Excise Act, 1944 is not attracted when goods are cleared pending finalisation of classification list, as the assessment is provisional....
The appellant-assessee, originally known as Morris Electronics Ltd., was engaged in the manufacture of soft ferrite components. It filed a classification list on 20/3/1990 seeking classification under...
