2003 (10) TMI 132

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....of pharmaceutical products, took in April and May, 2000 the credit under Rule 57Q of the entire duty paid on pipes and pipe fittings brought into its factory. Sub-rule (2) of Rule 57AC prohibited the manufacturer from taking as credit more than half of the duty paid on the capital goods in the financial year in which the goods were received, deferring taking of credit of the remaining amount to su....

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....e of notice is required to pay interest on credit in terms of Section 11AA read with Rule 57AH. Rule 57AH provides that the provisions of Sections 11A, 11AA and 11AB of the Act would apply mutatis mutandis for recovery of credit that has been taken wrongly and interest on that credit. 4. Section 11A would apply where a person "chargeable with duty determined under sub-section (2) of Section 11A....