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TMI Blog2005 (6) TMI 169X X X X Extracts X X X X X X X X Extracts X X X X ..... ectric Wires Ltd., dated 24-7-2002 and in respect of Order-in-Appeal No. 6/03, dated, 26-2-2003 in the case of Araco Automotive Ltd. In both the matters, the issue is common and hence they are taken up together for disposal as per law. 2. In the case of Motherson Sumi Electric Wires Ltd., the appellants had paid duty when they cleared the excisable goods in terms of Rule 9 read with Rule 173G(1) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he classification had been approved and paid duty later. The goods had been reclassified for the period June 99 to December 2000 and they paid the differential duty on the reclassified tariff rates. The revenue has proceeded to claim interest for the differential duty. The issue in both the appeals is as to whether the interest is leviable under Rule 173G. It is the contention of both the counsels ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f duty in cases of fortnightly basis approved by the Commissioner under Rule 47. The failure to deposit duty in terms of 173G(1) will entail payment of interest as laid down in 173G(1)(d). 173G(1)(d) reads as follows: "If the manufacturer fails to pay the amount of duty payable by the due date, he shall be liable to pay the outstanding amount along with interest at the rate of twenty four per ce ..... X X X X Extracts X X X X X X X X Extracts X X X X
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