High Court quashes interest demand on excise duty instalments, citing lack of statutory provision. The High Court of Madras allowed the writ petition to quash orders demanding interest on excise duty paid in instalments, citing the lack of statutory ...
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High Court quashes interest demand on excise duty instalments, citing lack of statutory provision.
The High Court of Madras allowed the writ petition to quash orders demanding interest on excise duty paid in instalments, citing the lack of statutory provision for such interest and the absence of an agreement for interest payment by the petitioner. The court ruled in favor of the petitioner, who had paid the full amount in instalments, and no costs were awarded.
The High Court of Madras allowed the writ petition seeking to quash orders demanding interest on payment of excise duty in instalments. The court ruled that there was no statutory provision for claiming interest, and the petitioner had paid the full amount in instalments without any agreement for interest payment. The writ petition was allowed with no costs.
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