Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (12) TMI 159 - CESTAT MUMBAIInterest on refund - refund was sanctioned to the appellants and transferred to Consumer Welfare Fund - case of Revenue is that no interest would be payable if the amount was lying in Consumer Welfare Fund and not with Revenue - Held that: - similar issue decided in the case of PURNIMA ADVERTISING AGENCY PVT. LTD. AND 1 Versus UNION OF INDIA THROUGH SECRETARY AND 2 [2016 (4) TMI 291 - GUJARAT HIGH COURT], where it was held that the petitioner is entitled to interest from 24.04.2005 till the actual payment i.e. upto 10.03.2010 and the Tribunal was, not justified in holding that from the date of transferring the sum to the Consumer Welfare Fund, the petitioner was not entitled to payment of interest on the refund amount - interest allowed - appeal dismissed - decided against Revenue.
|