TMI Blog2004 (12) TMI 90X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee with interest - Held that:- The learned Solicitor General has taken instructions and has stated before this Court that the Central Board of Excise Customs proposes to issue a circular in connection with the payment of interest on all such pre-deposits. A draft copy of the proposed circular has been handed over to this Court. Having regard to the contents of the draft circular we direct c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the proposed circular has been handed over to this Court. Having regard to the contents of the draft circular we direct compliance with the final order impugned before us and payment of interest in terms of the draft circular. The draft circular shall be appended to and the contents form part of this order. The appeal is disposed of. In view of this order any judgment of any High Court holding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der in CA. No. 4443/2001 the appeal is disposed of by upholding the directions for payment of interest but reducing the rate of interest from 15% p.a. to 12% p.a. The respondent has agreed to repay the difference to the appellant within a period of three months. SLP (C) No. 13814/2003 (C.A. No. 7923/2004) : 5.Leave granted. Following the order in CA. No. 4443/2001 the appeal is allowed in term ..... X X X X Extracts X X X X X X X X Extracts X X X X
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