2008 (2) TMI 45

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....blic Sector Undertaking of the Central Government since 1st October, 2000 and have produced the requisite clearance from the 'Committee on Disputes'. The appeal is against a demand of interest of Rs.1,43,950/- on an amount of service tax belatedly paid by the party on 18-10-2002 for the period from October, 2000 to May, 2002. The interest was demanded under Section 75 of the Finance Act, 1994, whi....

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.... to have demanded interest on the differential tax. It is submitted that the appellants had no mens rea in the above matter so as to attract any penal provision. Learned Counsel has reiterated these grounds. It is also submitted that an excess tax payment of Rs. 1,09,759/- made by the appellants is lying with the department and the same is yet to be adjusted against adjudged dues of the company. I....