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2016 (6) TMI 620 - AT - Service TaxClaim of refund of interest and penalty paid earlier - whether the Appellant would be eligible for interest on penalty of ₹ 78,763/- and interest on interest of ₹ 2,03,472/- which was paid pursuant to the OIO and whether the rate of interest would be 6% or 12% p.a. - Held that:- Larger Bench of the Tribunal in the case of Advance Mechanical Works [2004 (12) TMI 107 - CESTAT, MUMBAI], after referring to the judgment of Hon'ble Supreme Court on the subject held that interest is not payable on penalty amount and also on the interest paid subsequent to the Adjudication order. Interest @ 6% on the delayed refund as per the relevant notification would only be admissible. - Decided against the assessee.
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