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2011 (7) TMI 567 - CESTAT, CHENNAIWaiver of pre-deposit - Banking and other Financial Services - short payments - Show-cause notice proposing to demand applicable rate of interest on the delayed payment and proposing to impose penalty was issued to the assessees - adjudicating authority confirmed the interest demand but dropped the penal proceedings - Held that:- Commissioner (Appeals) was satisfied after considering the documents filed by the assessees of the remittance of interest by them even prior to the issue of SCN but this was not taken into account by the adjudicating authority - Since the interest amount stood paid, and such payment was accepted by the Commissioner (Appeals), he had only to set aside the demand of interest confirmed by the adjudication order - Decided in favour of assessee.
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