2007 (9) TMI 127

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..... en so demand of interest is time-barred - C/165/2005 - 455/2007 - Dated:- 25-9-2007 - [Order per : T.K. Jayaraman, Member (T)].- This appeal has been filed against order No. 23/Demand/Commr-I/2004 dated 29.11.2004 passed by the Commissioner of Central Excise Customs, Vadodara. 2. The appellants M/s Indian Oil Corporation imported crude oil. Initially they stored the same in the public b .....

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..... mpugned order confirmed demand of interest to the tune of Rs. 2,27,28,607/- under proviso (ii) clause (d) of sub-section (1) of Section 28 of the Customs Act, 1962. The appellants are highly aggrieved over the impugned order. 4. We have heard both the sides. The learned Advocate urged the following two points: (i) Taking us through the provisions of Section 61 of the Customs Act, it was u .....

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..... Excise Act in the Customs Act interest is also governed by the provisions of limitation. Further, he stated that each removal of the goods right from the initial warehousing till the final clearance is covered by documents and it cannot be stated that the appellants had suppressed facts with an intention to evade the interest liability. In these circumstances, he argued that the invocation of lo .....

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