2007 (5) TMI 470

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... appeal arises from OIA No. 127/2006 dated 27-4-2006. The findings recorded by the Commissioner (Appeals) is reproduced herein below:- I have carefully gone through the case records and submissions made by the appellants. The dispute is with regard to rate of interest for period between 1990-1995 when no such rate was statutorily fixed. The adjudicating authority has adopted a rate of 10% fol .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the Bombay, Gujarat and Madras High Courts have ordered for rate of interest in the range of 12% to 18%. (i) Suvidhe Ltd. v. UOI - 1996 (82) E.L.T. 177 (Bom.) (ii) Atul Limited v. CCE, Surat-II - 2005 (188) E.L.T. 21 (Guj.) (iii) CCE, Chennai v. Calcutta Chemical Co. Ltd. - 2001 (133) E.L.T. 278 (Mad.) They contend that grant of interest of 10% is not justified in view of other .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X