2007 (12) TMI 80

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....ppellants 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 under Sec.11AB would prevail over the....