High Court Upholds 6% Interest Rate on Refunds under Central Excise Act

The Bombay HC dismissed a petition challenging the payment of interest at 6% on a refund amount under Section 11BB of the Central Excise Act, 1944. The petitioner sought interest at 13% as per Notification No. 66/2003-C.E.(N.T.), but the court, following a SC precedent, rejected the petition without costs.

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The Bombay High Court dismissed a petition challenging the payment of interest at 6% on a refund amount under Section 11BB of the Central Excise Act, 1944. The petitioner argued for interest at 13% as per Notification No. 66/2003-C.E.(N.T.). The court cited a previous Supreme Court case and rejected the petition with no costs.

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