CESTAT grants refund with interest, rules on unjust enrichment, admissible delayed payment interest

The Appellate Tribunal CESTAT, Mumbai allowed the appeal, granting refund with interest at 20% per annum against denial of refund on the ground of unjust enrichment. The Tribunal held that interest on delayed payment is admissible as per prevailing provisions, and the application was allowed.

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The Appellate Tribunal CESTAT, Mumbai allowed the appeal against denial of refund on the ground of unjust enrichment, granting refund with interest at 20% per annum. The Tribunal held that interest on delayed payment is admissible as per the prevailing provisions, and the application was allowed.

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