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of <h1>Court orders refund of Excise Duty with interest, petitioner to provide Bank Guarantee</h1> <h3>DCM LTD. Versus UNION OF INDIA</h3> The High Court of Judicature for Rajasthan at Jodhpur granted a writ petition for a refund of Excise Duty of Rs. 20,39,139.40 with 12% interest per annum. ... Appellate Order The High Court of Judicature for Rajasthan at Jodhpur allowed a writ petition seeking a refund of Excise Duty amounting to Rs. 20,39,139.40 with interest at 12% per annum from the date of filing the petition. The petitioner was successful in appeal, and the Excise Duty was found to be not recoverable. The respondents were directed to refund the amount with interest, and the petitioner agreed to furnish a Bank Guarantee. The judgment granted two months for the payment and left the parties to bear their own costs.
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