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    <title>2016 (12) TMI 377 - CESTAT MUMBAI</title>
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    <description>The Tribunal ruled in favor of the appellant, holding that the encashment of the Bank Guarantee was illegal and that the appellant was entitled to interest on the delayed refund amount. The impugned order was set aside, allowing the appeal with consequential relief. The Tribunal emphasized the appellant&#039;s legal right to claim the refund and awarded interest from a specified date until the refund was sanctioned, in accordance with relevant legal principles and court judgments.</description>
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      <description>The Tribunal ruled in favor of the appellant, holding that the encashment of the Bank Guarantee was illegal and that the appellant was entitled to interest on the delayed refund amount. The impugned order was set aside, allowing the appeal with consequential relief. The Tribunal emphasized the appellant&#039;s legal right to claim the refund and awarded interest from a specified date until the refund was sanctioned, in accordance with relevant legal principles and court judgments.</description>
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