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2014 (5) TMI 252 - HC - Central ExciseClaim of interest on delayed refund - appellant claimed interest from the date of deposit - amount was deposited in pursuance of the search - Tribunal has allowed the interest at the rate prescribed under the law after three months from the date of filing of refund application till the date of payment. - Held that:- Before the Tribunal the only question for consideration was whether the petitioner was entitled to claim interest on the refund amount after three months from the date of filing of the application or not. - The petitioner has not enclosed any grounds of appeal before the Tribunal, therefore, such plea cannot be entertained at this stage. Rate of interest - Held that:- The interest @ 12% has been provided by Hon'ble Supreme Court, there is no reason that the petitioner may not get interest @ 12%. No direction in regard is necessary to be issued. - writ petition dismissed - Decided against the assessee.
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