We had paid excise duty in 1991 under protest as demanded by CCE ,we appealed and matter went upto Supreme Court which dropped the proceedings in 2004 . Due to severe health issues we couldn;t claim the refund . Now I want to do it since there is no time limit to claim refund paid under protest . Also wanted to check can I claim interest on the additional duty(under protest) from 1991 to 2004 .And if yes then what % .
Thanks
Girish
Interest on Excise Duty Paid Under Protest: 6% Per Annum, Claimable as Deposit, Subject to Central Government Rules. A user inquired about claiming a refund and interest on excise duty paid under protest in 1991, with proceedings concluding in 2004. Due to health issues, the refund was not claimed earlier. The user sought advice on the interest rate applicable for the period 1991-2004. Respondents confirmed that interest is claimable on amounts paid under protest, as considered a deposit, with the rate determined by the Central Government. One response mentioned an interest rate of 6% per annum, while another noted that no refund is available for periods without a claim unless directed by the Supreme Court. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
