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No interest payable, When Duty Paid Instantly on Detection of Shortage

In M/s. Maithan Steel & Power Ltd. And Shri Satinath Mukherjee Versus CCE & ST, Bolpur, CESTAT,KOLKATA  held on 31.03.2016 , that 

If the shortage is detected and corresponding demand is also paid on the same day, no liability of interest arises

In the said case , stock taking was done by the excise authority in presence of the  authorized signatory . It was not disputed by the assessee and they  accepted the shortage of finished goods and also agreed to pay the duty. Further, they paid  the entire amount of duty immdiately on the same day. 

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