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2020 (2) TMI 1060 - HC - Central ExciseLevy of interest u/r 96ZP(3) of Central Excise Rules, 1944 - HELD THAT:- The present writ petition deserves to be allowed on the basis of the aforesaid judgment of the Honourable Supreme Court in Shree Bhagwati Steel Rolling Mills -Vs- Commissioner of Central Excise [2015 (11) TMI 1172 - SUPREME COURT], as the Rule levying such interest itself has been struck down by the Honourable Supreme Court for the reason that there is no substantive provision for levy of such interest in the main charging provision under Section 3A of the Act. The impugned communication / order of the Superintendent of Central Excise dated 04.05.2005 demanding interest at the rate of 18% under Rule 96ZP(3) of the Central Excise Rules, 1944 is hereby quashed - Petition allowed - decided in favor of petitioner.
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