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2015 (3) TMI 472 - CESTAT MUMBAIDenial of interest on delayed refund of pre-deposit made - Dispute settled in 1997 but refund sanctioned in 2002 - Held that:- The decision in the case of Orient Enterprises (1998 (3) TMI 137 - SUPREME COURT OF INDIA) is not applicable to the facts of this case as in this case, the appellant is claiming interest for the period March 1998 to February 2002, for the refund claim filed in December 1997. In the year 1997, the provisions of Section 11BB of the Central Excise Act, 1944 were in force. Therefore, the case law relied upon by the ld. AR is not relevant. Further, I find that in the case of Galaxy Entertainment Corpn. Ltd. [2010 (5) TMI 429 - CESTAT, MUMBAI] this Tribunal has held that interest is payable on delayed refund. Following the precedent decision of the tribunal, the appellant is entitled for interest on delayed refund. - Decided in favour of assessee.
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