Sec 11 aa- central excise

mayank agarwal (CA fianlist BCOM(H) CS student )   (577 Points)

31 October 2012  

Dear Members

as per Sec 11AA of CEA , the interest has to be paid whether the relevant payment is ade voluntarily or after determination of the amount of duty under section 11A .

in the same section there is a proviso that talks about waiver of interest in case of payment of duty within 45 days of order .

i cant relate this proviso with the section . it confuses me regarding the point that 11AA interest is itself compulsory then how can lawmakers talk about its waiver in proviso ?


please enlight me with proper interpretation .