2008 (1) TMI 320

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.... - This appeal involves a very short question that whether interest on the defaulted amount of duty shall be payable at the rate of 13% as informed under Notification No. 66/2003-C.E., dated 12-9-2003 or at any different rate that was contemplated in the order of adjudication. 2. The ld. Counsel appearing for the appellant states that the rate of interest applicable to the defaulted amount of dut....

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....xcise Rules, 1944 was proper since there was no levy of interest under Section 11AB of the Central Excise Act, 1944. 4. Heard both sides and perused the record. There is no dispute by the ld. Counsel that there was a default in payment by the days of delay as per order and interest was leviable being mandate of the statute. But the authorities having travelled beyond the statutory mandate that is....