https://www.taxtmi.com/caselaws?id=206263 The Tribunal modified the order directing the Commissioner to return the pre-deposit amount to the respondent with interest, adjusting the rate to 6% p.a. as per Section 11BB of the Central Excise Act. It rejected the Revenue's argument to calculate interest from a specific date and upheld that Section 35FF does not apply retroactively. The decision emphasized adherence to statutory provisions and clarified the applicable interest rate for such cases. en-us Fri, 21 Jan 2011 00:00:00 +0530 Mon, 02 Apr 2012 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206263 The Tribunal modified the order directing the Commissioner to return the pre-deposit amount to the respondent with interest, adjusting the rate to 6% p.a. as per Section 11BB of the Central Excise Act. It rejected the Revenue's argument to calculate interest from a specific date and upheld that Section 35FF does not apply retroactively. The decision emphasized adherence to statutory provisions and clarified the applicable interest rate for such cases. Case-Laws Central Excise Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206263