2007 (12) TMI 80

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l is as to the rate at which the appellants are liable to pay interest - whether at the rate of 24% per annum as per Notification No. 42/2001 or 15% per annum which is the rate of interest prescribed under Sec. 11AB of the Central Excise Act. 1944. 2. I have heard both sides and find merit in both the submissions of the ld. Advocate for the appellants viz, that the rate of interest prescribed u....