TaxTMI 
TaxTMI 
2009 (12) TMI 767
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.... was engaged in the manufacture of steel castings with the aid of electric furnace during the material period. They had cleared a quantity of 38.76 MTs of steel castings without payment of duty during the period from 22-5-1980 to 21-4-1982 claiming the benefit of an exemption notification. In adjudication of a show-cause notice, wherein duty was demanded in respect of such clearances the original ....
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...., who quantified the amount of interest at Rs. 66,738/- and demanded the same. An appeal filed by the assessee against the Assistant Commissioner's order did not succeed. Hence the present appeal of the assessee. 2. After hearing the learned Counsel for the appellant and the ld. JDR for the respondent, I find that the short question to be considered in this case is whether, under Section 11AA of ....
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....A from the date immediately after three months from 26-5-1995 till the date of actual payment of duty. This would mean that the appellant is liable to pay interest on the aforesaid amount of duty (Rs. 32,000/-) for the period from 26-8-1995 to 25-1-2007. The decision to this effect taken by the lower authorities has only to be sustained. 3. As rightly pointed out by the ld. SDR, the liability of ....