2002 (8) TMI 764

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....lant. Shri R.K. Pardeshi, DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The application is for waiver of deposit of duty of Rs. 29.43 lakhs and equal penalty. 2. The applicant uniformly charges customers 2% of the invoice price. This is stated to be interest for delayed payment i.e. payment for the goods made beyond any day after the date of invoice. It is con....

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....nt for charge for deferred payment. He relies upon the judgment of the Bombay High Court in Goodlass Nerolac v. U.O.I. - 1993 (65) E.L.T. 186. He further contends that the extended period of limitation within which the entire demand for duty fell, will not be available. The same issue had been raised by notice issued to the applicant on 27-3-96 for a prior period and the Asstt. Commissioner had co....