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2018 (4) TMI 465 - AT - Central ExciseConclusion of proceedings - proviso to section 11A(2) of Central Excise Act, 1944 - shortage of interest - contention of the appellant is that they had discharged the duty liability on 20th June 2014, along with applicable interest and 25% of the mandatory penalty, in consequence of which the proceedings against them should have concluded - Held that: - The notification enhancing the rate of interest superseded the existing rate which was allowed to continue only for the limited purpose of ‘as respects things done or omitted to be done before such supersession’ implying that the erstwhile rate would apply only in relation to proceedings initiated before the enhanced rate came into effect. The interest liability discharged by the appellant falls short and renders them ineligible for the privilege of conclusion of proceedings - appeal dismissed - decided against appellant.
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