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2011 (8) TMI 520 - CALCUTTA HIGH COURTRefund calim - Interest on refund - the Tribunal has passed an order of refund but refused to enter into the question of grant of interest payable to the appellant. - Held that:- the Hon'ble Supreme Court in the case of Commissioner of Central Excise vs. ITC Limited, reported in (2004 -TMI - 47165 - SUPREME COURT OF INDIA), interest was payable for the period commencing from three months after the final disposal of the matter till the date of refund and thus, in this case interest was payable from May 25, 2005 - It appears that the Central Board of Excise and Customs, pursuant to the aforesaid decision of the Supreme Court, has already issued a circular bearing No.802/35/2004-CX dated December 8, 2004 specifying the rate of interest in this regard - Decided in favour of assessee.
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