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2015 (9) TMI 149 - HC - Central ExciseChallenge to Rule 8(3) of the Central Excise Rules - Violation of Articles 14, 19(1)(g), 50 and 265 of the Constitution of India - whether interest is chargeable in terms of Rule 8(3) Central Excise Rules or under the provisions of Section 11AB of the Central Excise Act - Held that:- Rule 8(3) of the Central Excise Rules in respect of levy of interest at the rate of ₹ 1000/- per day is held to be invalid. Consequently, the demand raised at whatever stage insofar as levy of interest at ₹ 1000/- per day in terms of Rule 8(3) of the Central Excise Rules is also set aside. - Decision in the case of Lucid Colloids Limited V. Union of India [2005 (8) TMI 134 - HIGH COURT OF RAJASTHAN] - Decided in favour of assessee.
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