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2011 (7) TMI 269 - HC - Central ExciseWaiver of interest - The petitioner is a manufacturer of chewing tobacco and it was issued show cause notice on 23.12.2002, demanding duty of Rs.64,08,807/-. An application for settlement was filed and the said application was finally settled by the Commission on 30.09.2005, wherein, the duty was confirmed. Though the benefit of immunity from penalty and prosecution was granted, the interest was levied at the rate of 10% per annum. The petitioner was aggrieved by the order with regard to charging of simple interest at the rate of 10% per annum and filed a Writ Petition in W.P.No.7405 of 2006 - Held that:- immunity granted - interest waived.
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