https://www.taxtmi.com/caselaws?id=153821 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellants, M/s. Hemavathy Sahakara Sakkare Karkhane Ltd., in a case involving the demand for interest on delayed payment of duty on sugar & molasses during a premises transfer on lease to M/s. Sri Chamundeshwari Sugars Ltd. The Tribunal found that the appellants had fulfilled their duty liability as per Central Excise Rules despite the delay in clearing the stock, attributing it to regulatory constraints. Consequently, the Tribunal granted a waiver of pre-deposit and a stay on the recovery of the interest amount pending the final decision in the appeal, acknowledging the appellants' compliance efforts and the unique circumstances surrounding the case. en-us Thu, 06 Aug 2009 00:00:00 +0530 Wed, 31 Jul 2013 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153821 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellants, M/s. Hemavathy Sahakara Sakkare Karkhane Ltd., in a case involving the demand for interest on delayed payment of duty on sugar & molasses during a premises transfer on lease to M/s. Sri Chamundeshwari Sugars Ltd. The Tribunal found that the appellants had fulfilled their duty liability as per Central Excise Rules despite the delay in clearing the stock, attributing it to regulatory constraints. Consequently, the Tribunal granted a waiver of pre-deposit and a stay on the recovery of the interest amount pending the final decision in the appeal, acknowledging the appellants' compliance efforts and the unique circumstances surrounding the case. Case-Laws Central Excise Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153821