2005 (7) TMI 462

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....pondent. [Order per : P.S. Bajaj, Member (J)]. - In this appeal the revenue has contested the correctness of the impugned order vide which the Commissioner (Appeals) has allowed the payment of interest of Rs. 10,824/- to the respondents.  2.None has come present on behalf of the respondents. No request for adjournment has also been received from them, therefore, we proceed to decide ....

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....aiming the balance amount. Ld. Commissioner (Appeals) has allowed the refund of the balance amount by observing that the interest at the rate of 24% upto the period of 28-2-2003 to 1-3-2003 under Notification No. 10/2001-C.E., dated 1-3-2001 which was prevailing at the time when the goods were stored in warehouses by the respondents, could not be charged as at the time of clearance of the goods, t....