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1990 (11) TMI 148 - HC - Central ExciseExtract: .......e, the refund is not made by December 31, 1990, the Department is liable to make refund of the amount along with interest to be calculated at the rate of 18 per annum and payable from this date to the date of actual payment. The respondents shall pay the costs of the petition. Shri Rege applies for stay of operation of the judgment. Prayer refused.
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