Appellate Tribunal grants refund for excess Excise Duty interest, lowers rate, allows credit.

The Appellate Tribunal CESTAT, Kolkata allowed the appellant's refund claim for excess interest paid on Excise Duty, reducing the interest rate from 24% to 13%. The Tribunal permitted the appellant to take credit of the excess interest paid and cited a similar case where such a refund was allowed. The appeal was allowed in favor of the appellant.

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The Appellate Tribunal CESTAT, Kolkata allowed the appellant's refund claim for excess interest paid on Excise Duty, reducing the interest rate from 24% to 13%. The Tribunal permitted the appellant to take credit of the excess interest paid and cited a similar case where such a refund was allowed. The appeal was allowed in favor of the appellant.

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