2017 (8) TMI 777

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....), For the Respondent ORDER Per: Sulekha Beevi C.S, Appellants are manufacturers of TOR steels falling under Chapter 72 and are registered with Central Excise Department. They opted for compound levy scheme. Appellant defaulted in discharging their duty liability for the period from November 1997 to March 1998 and hence show cause notice dt. 2.11.98 was issued demanding duty of Rs. 43,37,243/- ....

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....of interest and the penalty, ld. counsel relied upon the judgement in Shree Bhagwati Steel Rolling Mills Vs CCE - 2015 (326) ELT 209 (SC) and contended that the demand of interest and imposition of penalty under Rule 96ZP has been held to be ultra vires by the Hon'ble Apex Court. 3. Against this, Ld. A.R reiterated the findings in the impugned order. 4. We have heard the submissions made by ....