https://www.taxtmi.com/caselaws?id=121906 On default in payment of central excise duty, the amended Rule 8(3) of the Central Excise Rules applies and prescribes interest at 2% per month or Rs. 1,000 per day, whichever is higher, from the day after the due date until payment. The text notes that adopting 24% per annum is inconsistent with the amended rule. It also states that unpaid duty remains enforceable where duty and interest are outstanding, and that the duty demand was therefore treated as sustainable in light of the default and interest liability. en-us Mon, 11 Jun 2007 00:00:00 +0530 Tue, 07 Aug 2012 11:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121906 On default in payment of central excise duty, the amended Rule 8(3) of the Central Excise Rules applies and prescribes interest at 2% per month or Rs. 1,000 per day, whichever is higher, from the day after the due date until payment. The text notes that adopting 24% per annum is inconsistent with the amended rule. It also states that unpaid duty remains enforceable where duty and interest are outstanding, and that the duty demand was therefore treated as sustainable in light of the default and interest liability. Case-Laws Central Excise Mon, 11 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121906