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2014 (4) TMI 191 - CESTAT MUMBAIRate of interest - Interest on delayed duty - Rule 8 of the Central Excise Rules, 2002 - Held that:- Once the amended rules have come into force, they have to be given full effect and, therefore, for the period from 1.4.2003, the new rate of interest shall apply and not the rate of interest which was prevalent when the amount of duty was due - Otherwise, the entire rule becomes infructuous/otiose - interest leviable for the period from 1.4.2003 to 2.9.2003 would be at the rate prescribed in the amended provisions of sub-rule (3) of Rule 8 of the Central Excise Rules, 2002 - Decided in favour of Revenue.
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