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2015 (4) TMI 730 - CESTAT CHENNAIDemand of interest - respondents admitted duty liability and contested only the interest - violation of conditions of DEEC Advance Licences - import of Polyurethane Spandex Yarn/Lykra - Notification No.204/92-Cus. dt. 19.5.92 - Held that:- Apex court in the order [2008 (3) TMI 8 - SUPREME COURT] has referred and considered the decision of Hon. Bombay High Court of Pratibha Syntex case; By virtue of above High Court and Supreme Court orders, the demand of interest for non-fulfilment of condition under Notfn. No.204/92 has attained finality. The respondents and LAA placing reliance of Tribunal decision in the case of FEMCO Filters (P) Ltd. Vs CC Bangalore (2006 (5) TMI 317 - CESTAT, BANGALORE) and the other decisions as referred in OIA have no relevance as these decisions are rendered prior to the Hon'ble High Court and Apex Court's order. By respectfully following the orders of Hon'ble High Court & Apex Court, the interest @ 15% demanded in the original adjudication order is restored and the impugned order to the extent of giving relief on interest is set aside. - Following decision of Pratibha Syntext Ltd. Vs UOI [2003 (7) TMI 78 - HIGH COURT OF JUDICATURE AT BOMBAY] - Decided in favour of Revenue.
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