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2021 (11) TMI 595 - AT - Central ExciseEntitlement to interest on refund - refund of the pre-deposit made or deposit made during investigation, under protest - HELD THAT:- Division Bench of this Tribunal in M/S. PARLE AGRO PVT. LTD. VERSUS COMMISSIONER, CENTRAL GOODS & SERVICE TAX, NOIDA (VICE-VERSA) [2021 (5) TMI 870 - CESTAT ALLAHABAD] held that, “wherein interest on pre-deposit (made during investigation) has been enhanced from 6% to 12%, following the ruling of the Apex Court in SANDVIK ASIA LIMITED VERSUS COMMISSIONER OF INCOME-TAX AND OTHERS [2006 (1) TMI 55 - SUPREME COURT]. The Adjudicating Authority is directed to grant interest @ 12% p.a. from the date of deposit till the date of refund. Such interest should be granted within a period of two months from the date of receipt or service of the copy of this order. Appeal allowed.
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