The CESTAT allowed the appellant's appeal, setting aside the...

The CESTAT allowed the appellant's appeal, setting aside the impugned order that denied interest on the refund of amounts deposited during investigation. It was held that the appellant is entitled to interest from the date of deposit until the refund date. The Tribunal relied on precedents affirming that interest is payable on such refunds and specified the applicable rate at 12% per annum. Consequently, the appellant must be paid interest at 12% from the date of deposit to the date of refund. The appeal was allowed solely on the issue of interest payment, overturning the rejection based on maintainability.