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2009 (3) TMI 89 - HC - Central ExciseInterest on delayed payment of duty - assessee deposited the amount when revenue informed him that his method of paying excise was not correct - first proviso to Section 11AB makes clear that if the assessee deposits the amount of duty within 45 days of being informed about the short deposit no interest shall be payable - In view of this proviso, held that no penalty or interest could be levied on the assessee, firstly, because there is no order passed u/s 11-A and secondly, there is nothing on record to show that the assessee did not deposit the amount within 45 days of being informed of his liability
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