2007 (4) TMI 242

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.... [Judgment per: S.A. Bobde, J. (Oral)]. - Rule. Rule returnable forthwith. Heard by consent. 2. The petitioners have challenged the Order of the Settlement Commission at Annexure "A" in both the petitions by which the Settlement Commission has granted immunity from interest in excess of 10% simple interest per annum i.e. the Commission has held the petitioners liable to pay interest to the ex....

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....g regard to the manner of evasion of excise duty. The petitioners' expectations of detailed reasons may not be justified. 5. It was however contended by Mr. Nadkarni, the learned counsel for the petitioners that in the case of M/s. (Goa Ispat Ltd. which had filed a similar application, the Commission granted complete immunity from interest under Section 11A. The order granting immunity to M/s. ....