2005 (5) TMI 456

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..... Shri C. Mani, DR, for the Respondent. [Order]. -  There is a demand of Rs. 1,62,143/- towards interest on duty belatedly paid by the assessee. The present application is for waiver of pre-deposit and stay of recovery in respect of this amount.  2.As there is no requirement under Section 35F of the Central Excise Act that any amount of interest on duty be deposited for the p....

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....on No. 12/03-C.E. (N.T.), dated 1-3-2003. The amendment was with effect from 1-4-2003. The authorities below quantified interest at the revised rate for the period from 1-4-2003. This, according to the appellants, is wrong. The arithmetics presented in this connection by the company's representative are not clear. I do not find any prima facie case for them. However, the authorised representative ....