CESTAT Upholds Interest on Refund Pre-Section 11BB Application

The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner (Appeals) order granting interest on a refund amount under Section 11BB, despite the application being filed before the provision was enacted. The Tribunal relied on the proviso to Section 11BB and Circular No. 670/61/2002-CX to support its decision, rejecting the revenue's appeal.

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The Appellate Tribunal CESTAT, Mumbai rejected the revenue's appeal against the Commissioner (Appeals) order granting interest on a refund amount as per Section 11BB, despite the application being filed before the provision was enacted. The Tribunal found that the proviso to Section 11BB allows for interest payment on pending applications, and upheld the Commissioner's decision based on the Board's Circular No. 670/61/2002-CX.

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