2017 (11) TMI 1323

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....tered Accountant for the Appellant Shri A. Cletus, Addl. Commissioner (AR) for the Respondent ORDER The present appeal is against impugned order dated 28.4.2008 of Commissioner of Central Excise (Appeals), Salem. 2.   The appellants are engaged in the manufacture of X-ray and cine films liable to central excise duty. There was a dispute regarding classification of imported cinematogr....

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....ter claimed interest of Rs. 1,65,52,315/- towards delayed payment of interest. They have supported their claim based on the decision of the Apex Court in the case of Sandvik Asia Ltd. Vs. Commissioner of Income Tax - I, Pune - 2006 (196) ELT 257 (SC). The claim was rejected and on appeal the impugned order upheld the rejection. 3.   The ld. consultant for the appellant submitted that th....

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....he ground of long delay even in disbursing the interest. Though the ld. consultant insisted that it can be considered as a compensation for the financial loss and not strictly as interest on interest, we note that the appellant did not quote any statutory provision under the Customs Act, 1962 to support their claim. Any claim of amount from the Government can be disbursed only based on a statutory....