2015 (8) TMI 442 - SCH - Central Excise

Interest on refund claim - duty was deposited under protest - Held that - Interest at the rate of 12% shall be paid to the respondents on the amount of duty and not on fine and penalty. - The said amount shall be paid to the respondents within two months. - Decided partly in favour of Revenue.

Summary

The Supreme Court ordered that interest at the rate of 12% shall be paid to the respondents on the amount of duty, not on fine and penalty. The amount should be paid within two months.