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2020 (12) TMI 502 - AT - Central ExciseInterest on delayed refund - Relevant date for calculation of refund - amount deposited during investigation being form part of pre-deposit - from the date of deposit till the refund of the pre-deposit of principal amount or otherwise? - Section 11BB of Central Excise Act - HELD THAT:- The issue decided in the case of M/S. FUJIKAWA POWER AND M/S. KENZO INTERNATIONAL VERSUS CCE & ST, CHANDIGARH-I [2019 (11) TMI 1197 - CESTAT CHANDIGARH] where it was held that the appellants are entitled to claim interest from the date of payment of initial amount till the date its refund @ 12% per annum. The adjudicating authority is directed to grant interest from the date of deposit till the date of grant of refund @12% per annum - Appeal allowed - decided in favor of appellant.
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