2018 (5) TMI 865

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..... s. Archana Wadhwa : The short issue involved in the appeal is as to which rate of interest, the appellants refund claims, should be sanctioned. It is seen that the appellants have claimed interest at the rate of 12 % which claim stand rejected by the Commissioner (Appeals) by observing as under: "5. The dispute relates to the applicable rate of interest. The adjudicating authority has sanctioned .....

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..... us Hindustan Granites wherein it was held as under:- Interest - Rate of interest on refund under Section 11BB of Central Excise Act, 1944 - Single Judge of High Court directed payment of interest @ 9% on the amount to be refunded - Notification No. 67/2003-C.E. (N.T.), dated 12-9-2003 issued under Section 11BB of Central Excise Act, 1944 fixes the rate of interest @ 6% per annum for the purpose .....

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