2008 (12) TMI 665

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..... terms of the impugned order, the appellants are required to pre-deposit the following amounts : (i) Interest under Rule 14 of the Cenvat Credit Rules, 2004 read with Section 75 of the Finance Act, 1994 has been demanded. (ii) Penalty of Rs. 16,00,000/- under Rule 15 of the Cenvat Credit Rules. (iii) Penalty of Rs. 1000/- under Section 77. (iv) Penalty of Rs. 1,00,000/- under Rule 15(1) of .....

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..... payment of interest as this Bench has held that in all such similar cases interest has to be paid and this position has been confirmed by Karnataka High Court. 5. However, the learned Chartered Accountant invited our attention to the decision of the Punjab and Haryana High Court in the case of CCE v. Maruti Udyog Ltd. - 2007 (214) E.L.T. 173 (P H) wherein it has been held that assessee is not .....

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