2009 (6) TMI 852

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Shri K.S. Srinivasa, SDR, for the Respondent. [Order per : M.V. Ravindran, Member (J) (Oral)]. - This stay petition is directed against the confirmation of the following demands :- (i)      Rs. 45,395/- being the interest at appropriate rate on the amount of duty payable by the applicant from the date of warehousing till the date of relinquishment of the title to....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 4. The learned SDR would submit that the duty has been demanded for the period from which the goods were bonded till the date of relinquishment. Though the duty demand is dropped, the interest is liable to be paid by the applicant. 5. On a careful consideration, we find that when there is no demand of duty, there cannot be interest liability on the applicant nor can there be any pena....