2014 (3) TMI 1

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gh the product became duty free on 09.07.2004 but there was no bar for capital goods to reverse the credit on said date and thus capital goods have been cleared on payment of duty. As there is no duty liability on 09.07.2004, the appellants were not required to pay interest for the intervening period - Decided in favour of assessee. - E/956/11-Mum - - - Dated:- 6-1-2014 - Ashok Jindal, J. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... from 09.07.2004 therefore till the date of clearance of these capital goods, they are required to pay interest for the intervening period. Accordingly, impugned proceedings were initiated and demand of interest was raised. Aggrieved by the said order, appellant is in appeal before me. 3. Ld. Counsel for the appellant submits that the proviso to the Notification clearly states that it would be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X