https://www.taxtmi.com/caselaws?id=405462 The Tribunal resolved the dispute over the interest rate on a delayed refund in favor of the appellant, a manufacturer of excisable goods. The appellant was initially granted a refund with interest at 6% by the adjudicating authority. However, citing precedents from the Hon'ble Jurisdictional High Court, the Tribunal determined the appellant was entitled to interest at 12% per annum, effective three months after the Tribunal's order until the refund was issued. This decision aligns with established legal principles and provides a precedent for similar excise duty cases, ensuring consistency in the application of interest rates on delayed refunds. en-us Fri, 19 Mar 2021 00:00:00 +0530 Tue, 29 Oct 2024 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405462 The Tribunal resolved the dispute over the interest rate on a delayed refund in favor of the appellant, a manufacturer of excisable goods. The appellant was initially granted a refund with interest at 6% by the adjudicating authority. However, citing precedents from the Hon'ble Jurisdictional High Court, the Tribunal determined the appellant was entitled to interest at 12% per annum, effective three months after the Tribunal's order until the refund was issued. This decision aligns with established legal principles and provides a precedent for similar excise duty cases, ensuring consistency in the application of interest rates on delayed refunds. Case-Laws Central Excise Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405462