2003 (8) TMI 450 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi allowed the appeal, directing the original authority to refund the pre-deposit amount to the appellants with 12% interest per annum. The Tribunal held that interest is payable on delayed refund of pre-deposit made under Section 35F of the Central Excise Act. The lower appellate authority's decision to remand the case and deny interest was overturned.