https://www.taxtmi.com/caselaws?id=360545 The appeal before the Appellate Tribunal CESTAT MUMBAI centered on the grant of interest on a refunded amount in a classification dispute involving excisable goods. The respondent-manufacturers sought interest on an amount deposited during the dispute, which was later refunded in their favor. The Tribunal, led by Mr. M.V. Ravindran, relying on the precedent set by the Supreme Court in Ranbaxy Laboratories Ltd. v. Union of India, held that interest liability on revenue authorities arises after three months from the refund application date. Consequently, the appeal was decided in favor of the respondent-assessee, affirming their entitlement to interest on the refunded amount. en-us Tue, 13 Mar 2018 00:00:00 +0530 Sat, 19 May 2018 08:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360545 The appeal before the Appellate Tribunal CESTAT MUMBAI centered on the grant of interest on a refunded amount in a classification dispute involving excisable goods. The respondent-manufacturers sought interest on an amount deposited during the dispute, which was later refunded in their favor. The Tribunal, led by Mr. M.V. Ravindran, relying on the precedent set by the Supreme Court in Ranbaxy Laboratories Ltd. v. Union of India, held that interest liability on revenue authorities arises after three months from the refund application date. Consequently, the appeal was decided in favor of the respondent-assessee, affirming their entitlement to interest on the refunded amount. Case-Laws Central Excise Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360545