2003 (5) TMI 83

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..... n for direction to refund the pre-deposit amount to the applicant with interest. By order dated 17-4-93 the Collector of Customs, Mumbai imposed a penalty of Rs. 1,00,000/- on the applicant. The above order was successfully challenged by the appellant before this Tribunal. Under Final Order dated 6-1-2000 the Tribunal allowed this appeal. Pursuant to an interim order dated 24-2-94 passed by the Tr .....

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..... refund of pre-deposit has to be made with 12% interest. Contention similar to the one raised by the Revenue before us was raised before the Kolkata High Court unsuccessfully as is evident from the judgment in Eastern Coils Pvt. Ltd. v. Commissioner of Central Excise, Calcutta - 2003 (153) E.L.T. 290. Under these circumstances we hold that the Revenue is liable to pay interest on the delayed refun .....

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