https://www.taxtmi.com/caselaws?id=121722 The Tribunal held that appellants are not liable to pay interest exceeding the amount specified under Section 11AB of the Central Excise Act. The Rules conflicting with the statute are ultra vires the Act. The impugned order was modified to direct the appellants to pay interest as per Section 11AB, with the amount already paid by them to be adjusted against the interest liability calculated under Section 11AB. The penalty imposed on the appellants for late payment was reduced from Rs. 10,000 to Rs. 2,000 due to financial difficulties faced by the small-scale unit. en-us Mon, 14 May 2007 00:00:00 +0530 Tue, 21 Nov 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121722 The Tribunal held that appellants are not liable to pay interest exceeding the amount specified under Section 11AB of the Central Excise Act. The Rules conflicting with the statute are ultra vires the Act. The impugned order was modified to direct the appellants to pay interest as per Section 11AB, with the amount already paid by them to be adjusted against the interest liability calculated under Section 11AB. The penalty imposed on the appellants for late payment was reduced from Rs. 10,000 to Rs. 2,000 due to financial difficulties faced by the small-scale unit. Case-Laws Central Excise Mon, 14 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121722