Court Orders 6% Interest Until Consumer Welfare Fund Credit, Then 18% Until Payment; Excess Recovered from Officers.

Court Orders 6% Interest Until Consumer Welfare Fund Credit, Then 18% Until Payment; Excess Recovered from Officers. https://www.taxtmi.com/highlights?id=54186 Refund alongwith interest - Recovery of interest from the erring officers - the interest of 6% would be payable up to the date when the amount was credited in the account of the Consumer Welfare Fund. However, after that date the petitioner should be entitled to higher rate of interest say 18% till the date of actual payment and the excess amount of interest so paid to be recovered from the officers found responsible for not making payment in time after due inquiry by the Department. - HC en-us Wed, 29 Jul 2020 12:50:56 +0530 Wed, 29 Jul 2020 12:50:56 +0530 TaxTMI RSS Generator Court Orders 6% Interest Until Consumer Welfare Fund Credit, Then 18% Until Payment; Excess Recovered from Officers. https://www.taxtmi.com/highlights?id=54186 Refund alongwith interest - Recovery of interest from the erring officers - the interest of 6% would be payable up to the date when the amount was credited in the account of the Consumer Welfare Fund. However, after that date the petitioner should be entitled to higher rate of interest say 18% till the date of actual payment and the excess amount of interest so paid to be recovered from the officers found responsible for not making payment in time after due inquiry by the Department. - HC Highlights Central Excise Wed, 29 Jul 2020 12:50:56 +0530 https://www.taxtmi.com/highlights?id=54186