Central Excise Act Case: Refund of Interest on Deposits Reviewed, Section 11BB Determines Applicable Interest Rate, Section 35FF Applied.

Refund of Interest on interest and penalty component deposited earlier - the reference u/s 35FF of Central Excise Act, 1944 to Section 11BB is only for the limited purpose of applicability of rate of interest in computing the refund amount. - adjudicating authority directed to compute the interest amount keeping in view the provisions of Section 35FF - AT .....

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