https://www.taxtmi.com/caselaws?id=72348 Interest under Rule 49A was treated as distinct from duty under Section 3 of the Central Excises and Salt Act, 1944, and not as a component of the charging levy. Because the underlying duty on yarn was nil, the interest calculated as a percentage of that duty also became nil, leaving nothing actually leviable or capable of waiver under Rule 13. On that basis, the Tribunal held that the reference application was misconceived and that no referable question of law arose for the High Court under Section 35G. The Collector's claim therefore failed. en-us Tue, 13 May 1986 00:00:00 +0530 Wed, 18 May 2011 17:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72348 Interest under Rule 49A was treated as distinct from duty under Section 3 of the Central Excises and Salt Act, 1944, and not as a component of the charging levy. Because the underlying duty on yarn was nil, the interest calculated as a percentage of that duty also became nil, leaving nothing actually leviable or capable of waiver under Rule 13. On that basis, the Tribunal held that the reference application was misconceived and that no referable question of law arose for the High Court under Section 35G. The Collector's claim therefore failed. Case-Laws Central Excise Tue, 13 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72348