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<h1>Appellate Tribunal orders 12% interest on delayed refund, Revenue must pay within 1 month</h1> The Appellate Tribunal CEGAT, New Delhi granted interest on delayed refund of pre-deposit at 12% as per SC judgment. The Revenue was directed to pay ... Interest The Appellate Tribunal CEGAT, New Delhi granted interest on delayed refund of pre-deposit in the case. The Tribunal held that interest must be paid at 12% as per Supreme Court judgment. The Revenue was directed to pay interest as per Section 27A within one month from the date of the order.
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