Refund alongwith interest - Recovery of interest from the erring ...

Court Orders 6% Interest Until Consumer Welfare Fund Credit, Then 18% Until Payment; Excess Recovered from Officers.

July 29, 2020

Case Laws Central Excise HC

Refund alongwith interest - Recovery of interest from the erring officers - the interest of 6% would be payable up to the date when the amount was credited in the account of the Consumer Welfare Fund. However, after that date the petitioner should be entitled to higher rate of interest say 18% till the date of actual payment and the excess amount of interest so paid to be recovered from the officers found responsible for not making payment in time after due inquiry by the Department. - HC

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Refund alongwith interest - Recovery of interest from the erring ...

Court Orders 6% Interest Until Consumer Welfare Fund Credit, Then 18% Until Payment; Excess Recovered from Officers.

July 29, 2020

Case Laws Central Excise HC

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