Tuesday 1 December 2015

Settlement application can't be rejected due to non-payment of interest under a deleted provision

Excise & Customs : Where settlement provisions mandated prior payment of interest under section 28AB and at relevant time, section 28AB had been deleted and interest was payable only under section 28AA, assessee was right in not making payment of interest under deleted section 28AB and requesting Settlement Commission to issue appropriate directions as to payment of interest under section 28AA

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