2011 (2) TMI 1054

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..... tled to interest from 1.5.01 to 10.5.01 at the rate of 15% pa as per Notification No. 36/2000 dated 12.5.2000 and with effect from 11.5.01 to 11.9.03 the appellant is entitled at the rate of 9% pa as per Notification No.21/2001 dated 11.5.2001 and with effect from 12.9.03 the rate of interest as applicable in Notification No.75/03 will govern the rate of interest, appeal is allowed with consequen .....

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..... at the rate of 6% per annum was permissible under Notification No.75/2003-Cus dated 12.9.03. In the present appeal, the appellant submits that the rate of interest was at the rate of 15% per annum under Notification No.36/2000-Cus(NT) dated 12.5.2000 which was amended vide Notification No.21/2001Cus(NT) dated 11.5.2001 reducing the rate of interest at 9% pa and thereafter, the Notification No.75/ .....

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