https://www.taxtmi.com/caselaws?id=116046 The Appellate Tribunal CESTAT, New Delhi, dismissed the appeals by the appellants regarding the demand of interest on refunded amounts. The Tribunal held that the appellants were not entitled to claim interest from the date of deposits as their right to refund only arose upon the Tribunal's decision remanding the appeals for fresh adjudication. Since the refunds were processed within three months from the application dates, the Tribunal upheld the authorities' decision to decline interest on the refunded amounts. The judgment emphasized that entitlement to interest should be based on the accrual of refund rights, leading to the dismissal of the appeals. en-us Mon, 27 Jun 2005 00:00:00 +0530 Wed, 06 Jun 2012 17:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116046 The Appellate Tribunal CESTAT, New Delhi, dismissed the appeals by the appellants regarding the demand of interest on refunded amounts. The Tribunal held that the appellants were not entitled to claim interest from the date of deposits as their right to refund only arose upon the Tribunal's decision remanding the appeals for fresh adjudication. Since the refunds were processed within three months from the application dates, the Tribunal upheld the authorities' decision to decline interest on the refunded amounts. The judgment emphasized that entitlement to interest should be based on the accrual of refund rights, leading to the dismissal of the appeals. Case-Laws Central Excise Mon, 27 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116046