2002 (5) TMI 108

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....ppeal has been filed by the appellants against the impugned order-in-original dated 1-6-2001 vide which demand of interest of Rs. 28,56,901/- had been affirmed against them. 2. The appellants are engaged in the manufacture of excisable goods (cement) and had been availing benefit of Modvat scheme. They were issued a show cause notice for recovery of interest amounting to Rs. 28,56,901/- chargea....

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....rest in respect of Serial Nos. 1 and 3 i.e. Rs. 1,930/- and Rs. 2,760/- is concerned, the same has not been disputed. The learned Counsel has fairly conceded that these amounts are payable by the appellants. But regarding other amounts of interests mentioned at Serial Nos. 2 and 4 to 8 the learned Counsel has disputed the liability of the appellants to pay the same on the ground that the order-in-....