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2009 (4) TMI 814 - AT - Central ExciseInterest on the delayed fortnightly Cess payments - Oil Industry (Development) Act, 1974 (OID Act, 1974) - Held that: - the charging section of the OID Act, 1974 clearly talks about duties of excise and provisions of sub-section (4) of Section 15, which specifically indicates that the provisions of the Central Excise Act and the Rules made thereunder, including those relevant to refund and exemption from duties, shall, as far as may be, applied in relation to the levy and collection of duties of excise leviable under section. There is no provision in the OID Act, 1974 for demand of interest for delayed payment of Cess. Demand of interest set aside - appeal allowed - decided in favor of appellant.
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