Friday, 24 January 2014

Central Excise Rule providing for interest rate in excess of rate specified in Excise Act is ultra v

Excise & Customs : Rule cannot provide for rate of interest in excess of that provided in section/Act itself; Rule 8(3) of Central Excise Rules providing for interest at rate exceeding that provided in erstwhile section 11AB of Central Excise Act was held ultra vires


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