https://www.taxtmi.com/caselaws?id=341724 A BIFR-sanctioned rehabilitation scheme did not automatically waive interest liability under the Central Excise Act where the scheme expressly referred to waiver under the Income-tax Act but not excise interest or penalty. Section 32 of the Sick Industrial Companies (Special Provisions) Act, 1985 could not be used to displace the statutory levy because the scheme did not specifically cover it, and prior orders had left waiver open for departmental consideration on merits. The interest demand was therefore sustained, and the writ challenge failed. en-us Fri, 24 Mar 2017 00:00:00 +0530 Mon, 13 Nov 2017 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341724 A BIFR-sanctioned rehabilitation scheme did not automatically waive interest liability under the Central Excise Act where the scheme expressly referred to waiver under the Income-tax Act but not excise interest or penalty. Section 32 of the Sick Industrial Companies (Special Provisions) Act, 1985 could not be used to displace the statutory levy because the scheme did not specifically cover it, and prior orders had left waiver open for departmental consideration on merits. The interest demand was therefore sustained, and the writ challenge failed. Case-Laws Central Excise Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341724