2007 (6) TMI 328

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.... JDR, for the Respondent. [Order]. - These two applications accompanying the captioned appeals seek to stay recovery of interest amount demanded in the impugned orders. The appellants M/s. Ennore Foundries Ltd., had made clearances during 2001-2002 and 2002-2003, following provisional assessment as the sale price was governed by a contract subject to price variation clause. On finalisation o....

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.... final assessment and determination of differential duty. Ld. JDR submits that as per Rule 7 (4) of the Central Excise Rules 2002, interest in respect of goods cleared on provisional assessment is liable to be paid with reference to the date when the related goods had been cleared from the factory. 2. I have considered the submissions. I find that Sub Rule 4 of Rule 7 of Cenvat Credit Rule....