https://www.taxtmi.com/caselaws?id=384295 The Tribunal dismissed the appeal, upholding the denial of interest on the sanctioned refund as there was no legal basis for interest in the absence of an express provision under the Central Excise Act for the circumstances of the case. The High Court's decision influenced the outcome, emphasizing that while Rule 5 did not explicitly provide for a refund in the situation, the refund was allowed based on the closure of the factory and the appellant's exit from the Modvat Scheme. en-us Thu, 08 Aug 2019 00:00:00 +0530 Sat, 10 Aug 2019 06:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384295 The Tribunal dismissed the appeal, upholding the denial of interest on the sanctioned refund as there was no legal basis for interest in the absence of an express provision under the Central Excise Act for the circumstances of the case. The High Court's decision influenced the outcome, emphasizing that while Rule 5 did not explicitly provide for a refund in the situation, the refund was allowed based on the closure of the factory and the appellant's exit from the Modvat Scheme. Case-Laws Central Excise Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384295