2010 (4) TMI 654

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....T.H. Rao, SDR, for the Respondent. [Order]. - Vide the impugned order, the Commissioner of Central Excise (Appeals) has upheld the liability of the assessees to interest of Rs. 67,464/- on 8% reversal prior to issue of show-cause notice, under the provisions of Rule 57AH read with Rule 57AD of Central Excise Rules, 1944 as amended by Section 82 of the Finance Act, 2005 and Rule 12 of CENVAT Cre....

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....iso for the period prior to 12-5-01. As per the provisions of Section 11AA, for the period prior to 12-5-01, interest becomes payable only if the duty determined is not paid within 3 months of such determination and, in the present case, the disputed amounts were paid before the issue of SCN and hence no liability to interest arises for this period even according to Rule 57AH/AD of the CENVAT Cred....