https://www.taxtmi.com/caselaws?id=356129 The Tribunal dismissed the appeal by M/s Lumax Auto Technologies Ltd seeking a refund of interest paid beyond the five-year limitation period under section 73 of the Finance Act, 1994. The appellant's argument that interest could not be demanded for periods exceeding the limitation period was rejected. The Tribunal held that by voluntarily paying the tax along with interest, seeking waiver under the Act, and benefiting from credited duties, the appellant waived the right to claim a refund of interest on equity grounds. The judgment emphasized that the appellant had accepted liability and could not seek a refund based on equity. en-us Fri, 29 Sep 2017 00:00:00 +0530 Wed, 17 Apr 2019 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356129 The Tribunal dismissed the appeal by M/s Lumax Auto Technologies Ltd seeking a refund of interest paid beyond the five-year limitation period under section 73 of the Finance Act, 1994. The appellant's argument that interest could not be demanded for periods exceeding the limitation period was rejected. The Tribunal held that by voluntarily paying the tax along with interest, seeking waiver under the Act, and benefiting from credited duties, the appellant waived the right to claim a refund of interest on equity grounds. The judgment emphasized that the appellant had accepted liability and could not seek a refund based on equity. Case-Laws Central Excise Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356129