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2010 (12) TMI 119 - CESTAT, DELHIInterest - The interest levied is only for the confusion of law for which that should be waived - Based on the decision of the Tribunal in the case of Greenply Industries Ltd. vs. CCE, Jaipur, reported in (2010 -TMI - 78698 - CESTAT NEW DELHI) - The time lost to collect revenue is compensated by collection of interest - Therefore, prayer of the learned Counsel for waiver of interest is not entertainable - In this case there is token penalty of Rs. 500/- which has been levied under Section 77 of the Finance Act, 1994 - Consequence of penalty follows to deter recurrence of breach of law - Appeal is dismissed.
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