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Central Excise - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Refund of Interest on interest and penalty component deposited ...


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

April 7, 2020

Case Laws     Central Excise     AT

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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