Seeks to further amend the notification No. 4/2002-CE (N.T.), dated 1st March, 2002 so as to make provision for interest on refund, subject to sub-rule (6), arising out of an order of final assessment under sub-rule (3) of rule 7 of the Central Excise Rules, 2002. - 02/2013 - Central Excise - Non Tariff
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Interest on refund: amendment mandates statutory interest on refunds from final assessment, subject to conditional limitation. Substitutes sub-rule (5) of rule 7 to provide that where an assessee is entitled to a refund consequent to an order of final assessment under the final-assessment provision, interest shall be paid on such refund subject to sub-rule (6) and in accordance with the interest provision in the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on refund: amendment mandates statutory interest on refunds from final assessment, subject to conditional limitation.
Substitutes sub-rule (5) of rule 7 to provide that where an assessee is entitled to a refund consequent to an order of final assessment under the final-assessment provision, interest shall be paid on such refund subject to sub-rule (6) and in accordance with the interest provision in the Act.
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