2007 (7) TMI 123 - AT - Central Excise

Interest The appellant were demanded interest on delay in payment of duty on pre-withdrawal stock but the appellant contended that they paid duty before the specified date Interest on delay payment of duty not sustained

Summary

The appeal was restored after initially being dismissed. The appellants contested interest on demand only. Stay petition was dismissed as interest predeposit was not required under Section 35F of the Central Excise Act, 1944. The duty was paid before the specified date, so no interest liability. Impugned order demanding interest was set aside, and the appeal was allowed. Cross Objection by the Department was also disposed of.