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The High Court addressed the issue of refunding rebate amount with interest u/s 11BB of the Central Excise Act, 1944 and the applicability of Section 142(3) of the CGST Act, 2017. It held that Section 142(3) mandates payment in cash, not credit in CENVAT account. The court directed the refunding authority to pay the duty refundable in cash with interest, except as per Section 11B(2) of the Central Excise Act, 1944. The order requires payment within four weeks. The petition was disposed of accordingly.
The High Court addressed the issue of refunding rebate amount with interest u/s 11BB of the Central Excise Act, 1944 and the applicability of Section 142(3) of the CGST Act, 2017. It held that Section 142(3) mandates payment in cash, not credit in CENVAT account. The court directed the refunding authority to pay the duty refundable in cash with interest, except as per Section 11B(2) of the Central Excise Act, 1944. The order requires payment within four weeks. The petition was disposed of accordingly.
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