2007 (2) TMI 431 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Kolkata allowed the appellant's refund claim for excess interest paid on Excise Duty, reducing the interest rate from 24% to 13%. The Tribunal permitted the appellant to take credit of the excess interest paid and cited a similar case where such a refund was allowed. The appeal was allowed in favor of the appellant.