https://www.taxtmi.com/caselaws?id=269497 The Tribunal dismissed the Revenue's appeal against the Commissioner (Appeals) decision to allow a refund claim of Rs. 50,00,000 in favor of the respondent, a manufacturer of MS ingots and MS Bars. The Tribunal held that the Revenue could not retain the amount deposited during an investigation without statutory authority, emphasizing the need for duties to be levied in accordance with the law. The judgment highlighted that authorities must adhere to statutory provisions and cannot withhold funds without legal backing, affirming the validity of the refund claim. en-us Thu, 21 May 2015 00:00:00 +0530 Wed, 16 Dec 2015 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269497 The Tribunal dismissed the Revenue's appeal against the Commissioner (Appeals) decision to allow a refund claim of Rs. 50,00,000 in favor of the respondent, a manufacturer of MS ingots and MS Bars. The Tribunal held that the Revenue could not retain the amount deposited during an investigation without statutory authority, emphasizing the need for duties to be levied in accordance with the law. The judgment highlighted that authorities must adhere to statutory provisions and cannot withhold funds without legal backing, affirming the validity of the refund claim. Case-Laws Central Excise Thu, 21 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269497