1991 (10) TMI 49 - HC - Central Excise

Summary

The High Court of Bombay allowed the appeal regarding the interest awarded on a refund of excise duty. The Court ruled that interest should only be paid from the date of the original judgment, not from the date of the refund application. The respondents were ordered to pay interest at 12% per annum from March 24, 1988, until payment, and the petitioners were directed to refund any excess amount already received. No costs were awarded.