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2017 (8) TMI 1035 - CESTAT CHENNAIApplicability of period of limitation - claim of interest - whether period of limitation is applicable to claim of interest? - Held that: - law of limitation has not been incorporated in the statute book casually. That has been enacted with an object of bringing an end to the litigation. Without limitation prescribed by the statute, the litigation shall be unending. Therefore, that should be interpreted in a sense to bring an end to the litigation - judgment rendered by three Judge Bench of the Hon’ble Apex Court in the case of CCE Versus TVS Whirlpool Ltd. [1999 (10) TMI 701 - SUPREME COURT OF INDIA], where it was held that The period of limitation that applies to a claim for the principal amount should also apply to the claim for interest thereon, prevails as a rule of precedence for which appeal is allowed - decided in favor of appellant.
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