https://www.taxtmi.com/caselaws?id=251888 The Tribunal allowed the appeal, modifying the interest rate on delayed duty payments to 13% per annum in accordance with Section 11AB of the Central Excise Act. The penalty imposed was upheld, emphasizing adherence to the prescribed rates under Section 11AB and setting aside the higher rate calculated under Rule 8 (3) of the Central Excise Rules. en-us Tue, 19 Aug 2014 00:00:00 +0530 Wed, 01 Oct 2014 07:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251888 The Tribunal allowed the appeal, modifying the interest rate on delayed duty payments to 13% per annum in accordance with Section 11AB of the Central Excise Act. The penalty imposed was upheld, emphasizing adherence to the prescribed rates under Section 11AB and setting aside the higher rate calculated under Rule 8 (3) of the Central Excise Rules. Case-Laws Central Excise Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251888