TaxTMI Login
AI Drafter - (New and Powerful) ✕
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Just a moment...
AI Drafter - (New and Powerful) ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Entitlement to interest on the refunded pre-deposit under Section 35FF of the Central Excise Act, 1944, and the applicable rate and period for such interest.
Analysis: The pre-deposit made in the appeal was refundable after the earlier order was set aside and the matter was remanded. Section 35FF of the Central Excise Act, 1944 entitles the assessee to interest on such refunded pre-deposit, and Notification No. 24/2014-C.E. (N.T.) dated 12.08.2014 prescribes the rate at 6% per annum. Denial of interest on the ground that the refund was processed within 15 days of a purported complete claim was held to be unsustainable.
Conclusion: The appellant is entitled to interest at 6% per annum on the pre-deposit from the date of deposit till the date of realization, and the denial of interest is set aside.
TaxTMI 
