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2014 (4) TMI 143 - AT - Central ExciseRefund of pre-deposit - Interest on delayed refund - Held that:- appellant was entitled to refund of pre-deposit within a period of 3 months from the passing of favorable order. Though the said refund was sanctioned but the same was adjusted against the outstanding demand. As such, for all practical purposes the amount of Rs. 75,000/- deposited by the appellant was not returned to them. Hon’ble Gujrat High Court in the case of Nijrang Print Pack Pvt. Ltd. Vs. UOI reported as [2002 (10) TMI 113 - HIGH COURT OF GUJARAT AT AHMEDABAD] has in an identical circumstances held that the interest would be liable to be paid within a period of 3 months from passing of favorable orders. To the same effect is the decision of the Tribunal in the case of L & T Ltd. Vs. CC Ahmedabad [2005 (8) TMI 158 - CESTAT, NEW DELHI] as also in the case of Steelco Gujarat Ltd. Vs. CCE, Vadodara [2008 (7) TMI 248 - CESTAT, AHMEDABAD] - Decided in favour of assessee.
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