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2015 (5) TMI 948 - CESTAT CHENNAI

2015 (5) TMI 948 - CESTAT CHENNAI - TMI - Interest u/s 75 - delayed payment of service tax - Equivalent penalty for non-payment of interest - Held that:- Jurisdictional authority has worked out the actual number of days delayed for payment of service tax for each amount received from August, 2004 to December, 2004 and he has also worked out the number of days of delay which varies from 150 to 28 days and the total interest amount payable was quantified as ₹ 73,369 - amount re-quantified by .....

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interest amount itself is reduced from ₹ 1,33,004/- to ₹ 73,369/-, I do not find any infirmity in the impugned order in so far as setting aside the penalty. Accordingly, revised interest amount of ₹ 73,369/- worked out by the department as per the direction of the Commissioner (Appeals) is upheld and waiver of penalty is upheld - Decided against Revenue. - ST/122/2009 - Dated:- 17-3-2015 - R Periasami, Member (T),J. For the Appellant : Mr K P Muralidharan, AC (AR) For the Resp .....

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75 of Finance Act, 1994 for the delayed payment of service tax and imposed equal penalty for non-payment of interest. The appellate authority in the impugned order upheld the interest demanded and directed the lower authority to re-quantify the interest based on the actual date of receipt of service tax amount and number of days delay. He also set aside the penalty. Ld. AR places a copy of the letter dated 09.05.2014 from the O/o. The Commissioner of Central Excise, Tirunelveli. On perusal of th .....

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ich the payment of tax had been delayed Interest payable by TPT on the delayed payment @15% upto 09.09.2004 and @13% w.e.f 10.09.2004 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 1 3458922 Aug-04 276714 02-02-2005 05-09-2004 150 14844 2 Aug-04 345966 02-02-2005 05-09-2004 150 18559 3 Sep-04 227419 02-02-2005 05-10-2004 120 9720 4 Sep-04 198163 02-02-2005 05-10-2004 120 8469 5 Oct-04 321760 02-02-2005 05-11-2004 89 10199 6 Nov-04 384188 02-02-2005 05-12-2004 59 8075 7 Dec-04 351415 02-02-2005 05-01- .....

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