2004 (9) TMI 122

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....or the petitioner and Mr. Malkan, learned Standing Counsel for the respondents. 2.  The petitioner had earlier filed Special Civil Suit no. 35 of 1979 before the Court of Civil Judge (SD), Jamnagar for the refund of its amount paid by it as excise duties on blended yarn which was decreed for Rs. 22,66,759.44 ps. along with the cost of Rs. 25,561/- in favour of the petitioner. Appeal filed ....

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.... 4. Initially, the Excise Department had demanded interest @ 18% but later on it agreed for 12% interest instead of 18% and accordingly the petitioner paid the interest of Rs. 52,02,303/- from its Cenvat Credit Account and informed the department about it. However, the department informed the petitioner that such payment from Cenvat credit account was not accepted and insisted for cash. Accordingl....