2007 (8) TMI 559

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....t. Shri Samir Chitkara, SDR, for the Respondent. [Order]. -  After hearing both the sides, I find that very short issue is involved in the present appeal. Appellants are engaged in the manufacture of electric water heaters and were discharging their duty liability after availing benefit of cenvat credit and in terms of facilities of fortnightly payments. It seems that inasmuch as the....

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....ing amount. Accordingly, proceedings were initiated and culminated into impugned orders confirming extra interest amount of Rs. 1,96,658/- and penalty of Rs. 2 lakhs. 3. Sub-rule 1(d) of Rule 173-G of Central Excise Rules, 1944 reads as under: "If the appellant fails to pay the amount of duty payable by the due date, he shall be liable to pay the outstanding amount along with interest a....