2011 (8) TMI 227 - AT - Central Excise

Refund - It is seen from the records that in this case the Tribunal directed the appellant to deposit an amount of Rs. 3, 52, 000/- as pre-deposit. After complying with the directions of the Tribunal the matter was taken up for disposal and finally decided on 24.01.2003 in favour of the assessee - Held that the claim of interest by the assessee from the date of pre-deposit to the date of refund sanctioned by the Revenue seems to be an incorrect preposition of law - Appeal is rejected

Summary

The appeal was filed for refund of interest denied on pre-deposit amount directed by the Tribunal. The Tribunal found the claim for interest incorrect as the amount was refunded within three months of application. The appeal was rejected.