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2011 (1) TMI 115 - AT - Central ExciseCompounded Levy Scheme - Exercised their option to pay duty under Rule 96ZO (3) of the Central Excise Rules, 1944 - In the case of Arun Smelters Ltd. Vs CCE Chennai [2008 -TMI - 34436 - CESTAT, CHENNAI], the Tribunal has held that since Rule 96ZO (3) of the erstwhile Central Excise Rules, 1944 was couched in mandatory language, the assessee could not escape the liability to pay interest at the prescribed rate, in the event of default/delay in payment - Held that the impugned order are set aside and allow the appeal of the Revenue
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