2007 (7) TMI 562

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....he Appellant. Shri M.M. Mathkar, JDR, for the Respondent. [Order per : T. Anjaneyulu, Member (J)]. - Heard both sides. This is an application for rectification of mistake crept in the order No. A/801/WZB/C-III/EB, dt. 28-3-2006. The contention of the ld. Counsel for the applicant is that there is no finding on the interest amount. 2. The applicant sought remission of duty in respe....

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....such as fraud, collusion, wilful mis-statement or suppression of facts, or contravention of provisions of the Act, as such they are pari materia with each other and once penalty was waived, on the similar ground interest is also liable to be set aside. We have gone through both the provisions of Section 11AB and Section 11AC, which were inserted during the year 1996 by the Finance Act vide Act No.....