https://www.taxtmi.com/caselaws?id=355971 The Tribunal ruled in favor of the appellant, granting interest on the seized cash deposit from the date of seizure until its refund, based on the interest accrued to the Revenue for holding the money in a bank account. The appellant was entitled to interest under Section 11 BB of the Central Excise Act for a short period due to a delay in refund sanctioning. Interest accrual period for refund was determined from the date of seizure until refund, aligning with legal precedent. The decision clarified entitlement to interest under relevant provisions of the Act, ensuring a fair resolution. en-us Wed, 24 Jan 2018 00:00:00 +0530 Wed, 28 Feb 2018 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355971 The Tribunal ruled in favor of the appellant, granting interest on the seized cash deposit from the date of seizure until its refund, based on the interest accrued to the Revenue for holding the money in a bank account. The appellant was entitled to interest under Section 11 BB of the Central Excise Act for a short period due to a delay in refund sanctioning. Interest accrual period for refund was determined from the date of seizure until refund, aligning with legal precedent. The decision clarified entitlement to interest under relevant provisions of the Act, ensuring a fair resolution. Case-Laws Central Excise Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355971