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2009 (11) TMI 315 - AT - Central ExciseInterest-delayed refund of pre-deposit- Pre-deposit made in first round of litigation. Appeal allowed in second round. C.B.E & C. Circular No. 802/305/2004-CX. dated 8.12.2004 lays down that pre-deposit shell be returned within a period of three months of disposal of appeal in assessee’s favour and interest shall be payable for delay in refund. Appellants entitled to interest as allowed by the Tribunal in the case of India Polyfibres Ltd. in 2008 (226) E.L.T. 133 (Tribunal). In most of the cases, interest allowed at the rate of 12% P.A.. Miscellaneous application allowed.
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