9911796707
TMI Blog2021 (3) TMI 790X X X X Extracts X X X X X X X X Extracts X X X X ..... lant is in appeal against the impugned order demanding interest @ 12% per annum of the refund already sanctioned. 2. The facts of the case are that the appellant is a manufacture of excisable goods i.e. potassium silicate. A show cause notice dated 9.12.2011 was issued to the appellant raising demand of excise duty of Rs. 80,24,977/- along with interest and to impose penalty. The said show cause ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f ITC Limited-2005 (179) ELT 15 (SC), LSE Securities Limited vs. CCE-2015 (320) ELT 350 (P&H), Shreewood Products Pvt.Ltd.-2016 (44) ELT STR 592 (P&H) and in the case of UCAL Fuel Systems Limited-2014 (306) ELT 26 (Mad.). 4. On the other hand, ld.AR opposed the contention of the ld. Counsel and relied upon the decision in the case of Devendra Udyog vs. Commissioner of CGST, Jodhpur-2020 (372) ELT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucts Pvt.Ltd.- (supra), again the Hon'ble Jurisdictional High Court has held that the appellant is entitled to payment of interest @ 12% per annum in terms of section 11BB of Central Excise Act, 1944 after 3 months after passing of the order of this Tribunal till the refund was granted. As per two the decisions of Hon'ble jurisdiction Punjab & Haryana High Court is binding on this bench of the Tri ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
