https://www.taxtmi.com/caselaws?id=248332 Interest for delayed payment of duty under Rule 8 of the Central Excise Rules, 2002 could not be demanded at the enhanced rate of Rs.1,000 per day, because the Tribunal followed the High Court view that the enhanced interest expression in Rule 8(3) was invalid. On that basis, the demand for enhanced daily interest was held unsustainable, and the Commissioner (Appeals)' order setting aside the adjudication on demand and penalty was upheld. The liability was therefore confined to the permissible statutory interest already paid under Section 11AB of the Central Excise Act, 1944. en-us Thu, 18 Jul 2013 00:00:00 +0530 Mon, 09 Jun 2014 15:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248332 Interest for delayed payment of duty under Rule 8 of the Central Excise Rules, 2002 could not be demanded at the enhanced rate of Rs.1,000 per day, because the Tribunal followed the High Court view that the enhanced interest expression in Rule 8(3) was invalid. On that basis, the demand for enhanced daily interest was held unsustainable, and the Commissioner (Appeals)' order setting aside the adjudication on demand and penalty was upheld. The liability was therefore confined to the permissible statutory interest already paid under Section 11AB of the Central Excise Act, 1944. Case-Laws Central Excise Thu, 18 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248332