2006 (6) TMI 354

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....or the Respondent. [Order]. - This appeal is against a demand of interest on duty amount of Rs. 1,95,838/-, which was paid on 21-10-2003. The lower appellate authority has demanded interest at the rate of Rs. 1,000/- per day in terms of Rule 8(3) of the Central Excise Rules, 2002 and has imposed a penalty of Rs. 10,000/- on the party under Rule 25 of the said Rules. It is submitted by learne....

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....ause notice and, therefore, no penalty was liable to be imposed under Rule 25 ibid. In this connection, reliance is placed on Final Order No. 766/05, dated 26-5-2005 passed by this Bench in the case of Selvi Textiles (P) Ltd v. CCE, Coimbatore [E/471/2004]. Ld. SDR reiterates the finding of the Commissioner (Appeals). 2. After considering the submissions, I find that, in terms of Rule 8(3)....