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2024 (2) TMI 372 - CESTAT NEW DELHI
Interest on delayed payment of refund - HELD THAT:- The said issue has been examined by this Tribunal in the case of Tribunal in the case M/s. Fujikawa Power and other vs. CCE, Chandigarh-I [2019 (11) TMI 1197 - CESTAT CHANDIGARH] wherein this Tribunal has observed appellants are entitled to claim interest from the date of payment of initial amount till the date its refund @ 12% per annum.
The appellant is held entitled for the interest on the amount of refund sanctioned at the rate of 12% to be calculated from the date of payment till the date of disbursement.
Appeal allowed.