2006 (3) TMI 385 - AT - Central Excise

Summary

The dispute was about interest on the maturity value of National Certificates used as securities. The Deputy Commissioner denied interest, stating NSC encashment is not a government due. The Commissioner (Appeals) upheld the decision, as it was not a refund of Excise duty. The appeal was rejected as NSC release is not covered under Section 11B for interest grant.