https://www.taxtmi.com/caselaws?id=121201 The Tribunal ruled in favor of the appellant, setting aside the rejection of the refund claim for interest on the belatedly sanctioned refund amount due to the encashment of the bank guarantee. The decision was based on the interpretation of the encashment as a pre-deposit, aligning with Section 35F requirements and the L&T case judgment, emphasizing the need for timely refunds and interest payments. en-us Fri, 02 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 14:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121201 The Tribunal ruled in favor of the appellant, setting aside the rejection of the refund claim for interest on the belatedly sanctioned refund amount due to the encashment of the bank guarantee. The decision was based on the interpretation of the encashment as a pre-deposit, aligning with Section 35F requirements and the L&T case judgment, emphasizing the need for timely refunds and interest payments. Case-Laws Central Excise Fri, 02 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121201