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M/s. Central India Polyesters Limited Versus Commissioner of Customs & Central Excise Nagpur

Interest on delayed refund - whether the appellant is entitle for the interest on the refund of duty @ 12% on the delay sanction of refund in respect of pre-deposit of ₹ 1 crore consequent to setting aside the order appealed and remand of the matter to the Commissioner for re-computation of the demand? - Held that: - demand was not finally decided by this tribunal - The demand was very much existing at the time of passing Tribunal order for the reason that re-quantification was directed to .....

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er(A.R.) for the Respondent Order The issue involved in the present case is that whether the appellant is entitle for the interest on the refund of duty @ 12% on the delay sanction of refund in respect of pre-deposit of ₹ 1 crore consequent to setting aside the order appealed and remand of the matter to the Commissioner for re-computation of the demand. 2. Shri. Vipin Jain, Ld. Counsel with Shri. Vishal Agarwal, Ld. Advocate appeared on behalf of the appellant. Shri. Vipin Jain, Ld. Counse .....

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er dated 5-3-2004. However, refund of pre-deposit was sanctioned vide Dy. Commissioner's order dated 1-9-2005 i.e. almost after 545 days after three months period, therefore appellant is entitle for the interest for the said delay in sanction of refund of pre-deposit. He submits that pre-deposit is only for the pendency of the appeal before the Tribunal, the moment the appeal is disposed of the amount pre-deposited stands refundable therefore for any delay, appellant is entitle for the inter .....

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int Commissioner(A.R.) appearing on behalf of the Revenue reiterates the findings of the impugned order. He submits that in the fact of the present case, the appellant's appeal was not finally allowed by this Tribunal whereas the matter was sent to the Adjudicating authority for re-quantification of the demand therefore matter was not attained finality. Accordingly refund did not arise immediately after Tribunal's order therefore there is no delay in sanctioning the refund, accordingly, .....

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