2005 (9) TMI 472 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai ruled that interest on a refund claim under Section 11BB was not applicable when a Bank Guarantee was furnished as security for excise duty payment and later refunded. The Department's contention that interest cannot be paid in such cases was upheld, and the impugned order was stayed pending payment of interest by the Department.