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2017 (9) TMI 988 - AT - Central ExciseLiability of interest - period from November 1996 to March 1999 - Section 11AB of the CEA, 1944 - Held that: - CBEC vide Circular No. 655/46/2002-CEX dated 26.06.2002 clarified Section 11AB(2) has been substituted w.e.f. 11.05.2001 by the Finance Act, 2001, making it now very clear that Section 11AB will apply only to cases where duty had become payable or ought to have been paid after 11.05.2001 - the demand of duty was raised prior to 11.05.2001, and therefore, the demand of interest under Section 11AB cannot be sustained - demand set aside - appeal allowed - decided in favor of appellant.
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