https://www.taxtmi.com/caselaws?id=393854 The Tribunal allowed the appeal, holding that the appellant was entitled to interest at a rate of 12% for delayed refund payment, based on statutory provisions and a Supreme Court ruling. The initial rejection of the abatement claim was overturned, and the appellant was granted a refund of duty with interest. The Tribunal emphasized that the interest rate should fall within the range specified by the Central Government and that notifications cannot override statutory provisions, as clarified by the Supreme Court in a similar case. en-us Wed, 04 Sep 2019 00:00:00 +0530 Tue, 24 Mar 2020 11:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393854 The Tribunal allowed the appeal, holding that the appellant was entitled to interest at a rate of 12% for delayed refund payment, based on statutory provisions and a Supreme Court ruling. The initial rejection of the abatement claim was overturned, and the appellant was granted a refund of duty with interest. The Tribunal emphasized that the interest rate should fall within the range specified by the Central Government and that notifications cannot override statutory provisions, as clarified by the Supreme Court in a similar case. Case-Laws Central Excise Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393854