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2021 (4) TMI 1067 - AT - Central ExciseRate of interest on refund - rate to be fixed at the rate of 12% or not? - HELD THAT:- In view of the notification existing as on date i.e. No. 24/2014 vide which the Government has exercised its power even under Section 35FF of Central Excise Act for fixing the rate of interest that the said rate has specifically been fixed at the rate of 6% per annum. Further perusal of Notifications shows that Notification No. 17/2002 has been superceded by Notification No. 24/2014. Notification No. 64/2003 as has been relied upon by the Hon’ble Courts in the above said decision is the one which superceded non other than said Notification No. 17/2002. Hence none of the decisions as relied upon by appellant can apply. Appeal dismissed.
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