Court orders interest payment on refunded amount under Central Excise Act

The High Court of Punjab and Haryana ruled in favor of the petitioner, ordering the respondents to pay interest on the refunded principal amount of Rs. 24,39,600 under Section 35FF of the Central Excise Act, 1944. The case was adjourned to 26.02.2019 for further proceedings.

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The High Court of Punjab and Haryana heard a case regarding the refund of the principal amount of Rs. 24,39,600, which has been refunded to the petitioner. The dispute now concerns the payment of interest under Section 35FF of the Central Excise Act, 1944, applicable to UT, Chandigarh. The respondents' counsel requested time to seek instructions, and the case was adjourned to 26.02.2019.

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