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Central Excise - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Refund - Excess interest deposited – interest calculated at ...


Revenue Authority Must Refund Excess Interest Due to Calculation Error; Refund Approved.

August 5, 2016

Case Laws     Central Excise     AT

Refund - Excess interest deposited – interest calculated at higher rate - excess interest paid was an arithmetic error and need to be rectified. Revenue not allowed to retain the excess amount - refund allowed - AT

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