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Central Excise - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Interest on delayed refund of pre-deposit - Relevant date for ...


Adjudicating authority ordered to pay 12% annual interest on delayed refund of pre-deposit, calculated from original deposit date.

December 15, 2020

Case Laws     Central Excise     AT

Interest on delayed refund of pre-deposit - Relevant date for calculation of refund - The adjudicating authority is directed to grant interest from the date of deposit till the date of grant of refund @12% per annum. Such interest on refund should be granted within a period of sixty (60) days from the date of receipt of service or a copy of this order. - AT

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