https://www.taxtmi.com/caselaws?id=88417 The Tribunal allowed the appeal in favor of the appellants, directing the department to refund the excess amount of Rs. 5,89,953 in excise duty. It held that the encashed bank guarantees were not actual duty payments but security for revenue recovery, and as the duty amount was less than the encashed guarantees, the excess constituted a refundable amount. The decision emphasized adherence to statutory provisions and principles to avoid unjust enrichment and ensure fairness in excise duty refund cases. en-us Wed, 27 Dec 1995 00:00:00 +0530 Sat, 17 Sep 2011 16:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88417 The Tribunal allowed the appeal in favor of the appellants, directing the department to refund the excess amount of Rs. 5,89,953 in excise duty. It held that the encashed bank guarantees were not actual duty payments but security for revenue recovery, and as the duty amount was less than the encashed guarantees, the excess constituted a refundable amount. The decision emphasized adherence to statutory provisions and principles to avoid unjust enrichment and ensure fairness in excise duty refund cases. Case-Laws Central Excise Wed, 27 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88417