refund of deposit in service tax

[samir agrawal]

Is the circular granting 6% interest as per Sec 35FF on refund of pre-deposit binding on the department or Tribunal?

Can interest be claimed at 12%?

Any case laws?

Experts pls advice

AI Summary

Forum Debates Interest Rates on Service Tax Refunds: Is 6% Under Section 35FF Binding or Can 12% Be Claimed? A discussion on a forum addresses the issue of interest rates on refunds of pre-deposits in service tax cases. A participant queries whether the 6% interest rate specified under Section 35FF is binding or if a 12% rate can be claimed. Responses clarify that the 6% rate is set by Notification No. 24/2014 and is generally binding unless a court decides otherwise due to significant departmental delays or faults. The discussion references relevant circulars and case law, emphasizing that higher interest rates are typically court-granted and not an inherent right.