https://www.taxtmi.com/caselaws?id=196154 The High Court quashed the Settlement Commission's order directing the petitioner to pay interest on excise duty at 13% per annum. The court found the imposition of interest erroneous and perverse, considering the petitioner's genuine belief in exemption entitlement and the benefits of deemed exports. The court ruled in favor of the petitioner, deeming the interest payment unjustified, and made the rule absolute without awarding any costs. en-us Wed, 16 Jun 2010 00:00:00 +0530 Mon, 20 Nov 2017 18:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196154 The High Court quashed the Settlement Commission's order directing the petitioner to pay interest on excise duty at 13% per annum. The court found the imposition of interest erroneous and perverse, considering the petitioner's genuine belief in exemption entitlement and the benefits of deemed exports. The court ruled in favor of the petitioner, deeming the interest payment unjustified, and made the rule absolute without awarding any costs. Case-Laws Central Excise Wed, 16 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196154