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CESTAT ruled on interest rate calculation for pre-deposit refunds in a clandestine manufacturing case. The deposited amount, once appropriated against demand, acquired character of duty subject to Section 11B refund provisions. Following Mafatlal Industries precedent, all refund claims must be processed under Central Excise Act framework. The Tribunal affirmed that Section 11BB governs interest payments on refunds, with specific exception under Section 35FF for appeal-related deposits. Interest calculation from deposit date applies only to Section 35F deposits. The adjudicating authority's decision granting 6% interest rate was upheld as compliant with statutory provisions. Appeal dismissed.
CESTAT ruled on interest rate calculation for pre-deposit refunds in a clandestine manufacturing case. The deposited amount, once appropriated against demand, acquired character of duty subject to Section 11B refund provisions. Following Mafatlal Industries precedent, all refund claims must be processed under Central Excise Act framework. The Tribunal affirmed that Section 11BB governs interest payments on refunds, with specific exception under Section 35FF for appeal-related deposits. Interest calculation from deposit date applies only to Section 35F deposits. The adjudicating authority's decision granting 6% interest rate was upheld as compliant with statutory provisions. Appeal dismissed.
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