TMI Blog2022 (8) TMI 926X X X X Extracts X X X X X X X X Extracts X X X X ..... e @ 12% p.a. Further, Single Member Bench of this Tribunal in the case of Riba Textiles Ltd vs. CCE S.T., [ 2020 (2) TMI 602 - CESTAT CHANDIGARH] have also granted interest @ 12% p.a. under Section 35FF. The impugned order(s) modified to the effect that the appellant shall be entitled to interest under Section 35 FF @ of 12% p.a. from the date of deposit till the date of grant of refund - the Adjudicating Authority is directed to grant the balance amount of interest as modified herein within 45 days of receipt or service of this order. Appeal allowed. - Excise Appeal No. 51050-51054/2022-SM - FINAL ORDER NO. 50710-50714 / 2022 - Dated:- 22-8-2022 - MR. ANIL CHOUDHARY, MEMBER (JUDICIAL) Shri Shri Kamaljeet Singh, Advocate f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re-deposit of Rs. 62,99,682/-, however, did not accept the claim for payment of interest. Being aggrieved, appellant preferred appeal before the learned Commissioner (appeals) who vide impugned order-in-appeal dated 05/01/2022, allowed interest under Section 35FF, observing that interest is payable under Section 35FF, as it existed prior to 06/08/2014. 4. Being aggrieved the appellant is before this Tribunal inter alia on the ground that Section 35FF was amended by way of substitution w.e.f. 06/08/2014 to provide for grant of interest from the date of deposit till the date of refund, at the specified rate. He further relies on the following rulings: i) Riba Textiles Ltd vs. CCE S.T. Panchkula- 2020(2) TMI 602-CESTAT, Chandigarh i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0,000/- 25.01.2021 E/51052/22 49,33,696/- A/52473-52475/2016- SM(BR) dt. 01.07.2016 05.08.2011 31,81,974/- 25.01.2021 E/51053/22 1,08,98,927/- A/52349-52409/2017- Ex (DB) dt. 09.03.2017 23.08.2014 10,00,000/- 25.01.2021 E/51054/22 E/51054/22 1,08,98,362/- A/52349-52409/2017- Ex (DB) dt. 09.03.2017 08.11.2013 22.08.2014 70,00,000/- 25.01.2021 6. Learned AR for revenue relies on the impugned order. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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