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2007 (12) TMI 82 - AT - Central ExciseDelay in payment of duty – in view of decision of Hon’ble Rajasthan High Court in another case, held that the part of Rule 8(3) which provided for charging or interest at the rate of Rs.1,000/- per day is invalid and that consequently, interest chargeable on delayed payment has to be only at the rate of 2% per month that is 24%
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