https://www.taxtmi.com/caselaws?id=32417 The Supreme Court ruled in favor of the petitioner, a manufacturer of spun yarn, in a case involving a recovery notice for interest on delayed payment of Central Excise Duty. The Court held that the petitioner's liability was limited to paying interest equal to the duty amount for the relevant period under Rule 8(3) of the Central Excise Rules, 2002. The Court allowed the petition in part, limiting the payment of interest to not exceed the demand of duty for a specific period, while upholding the recovery notice for the remaining period. en-us Thu, 06 Nov 2008 00:00:00 +0530 Sat, 14 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32417 The Supreme Court ruled in favor of the petitioner, a manufacturer of spun yarn, in a case involving a recovery notice for interest on delayed payment of Central Excise Duty. The Court held that the petitioner's liability was limited to paying interest equal to the duty amount for the relevant period under Rule 8(3) of the Central Excise Rules, 2002. The Court allowed the petition in part, limiting the payment of interest to not exceed the demand of duty for a specific period, while upholding the recovery notice for the remaining period. Case-Laws Central Excise Thu, 06 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32417