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2007 (11) TMI 212 - CESTAT AHMEDABADAppellant seek interest on penalty which was returned belatedly by revenue - Section 27A specifically refers to “interest payable on duty” - There is no provision of law which provide for payment of interest either by the department in the event of refund of penalty, or by the parties in the event of delay in deposition of penalty – there is no infirmity in the order of the Comm (A) which has followed the decision of the Larger Bench of the Tribunal to deny interest on belatedly retuned penalty
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