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Central Excise - Highlights / Catch Notes

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Interest on delayed refund - relevant date - order under ...


Entitlement to Interest on Delayed Central Excise Refund: Interest Begins from Deposit Date, Not Appeal Filing Date.

April 1, 2023

Case Laws     Central Excise     AT

Interest on delayed refund - relevant date - order under challenge has wrongly restricted the entitlement of appellant for the interest on the refunded amount to the date w.e.f. the date of filing of appeal. The appellant in view of settled principles is held entitled for the interest on the refunded amount of Rs.50.00 Lakhs from the date of the respective deposit - AT

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