https://www.taxtmi.com/caselaws?id=407991 CESTAT held that section 11B was inapplicable because the respondent sought refund of a revenue deposit, not duty, and no statutory rate of interest governs such refunds. Noting that analogous Tribunal orders have awarded higher interest where deposits were returned, the bench determined 12% p.a. to be appropriate (within the range of rates notified under other provisions) and allowed the appeal, directing interest at 12% on the refunded deposit. en-us Tue, 25 May 2021 00:00:00 +0530 Thu, 28 Aug 2025 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407991 CESTAT held that section 11B was inapplicable because the respondent sought refund of a revenue deposit, not duty, and no statutory rate of interest governs such refunds. Noting that analogous Tribunal orders have awarded higher interest where deposits were returned, the bench determined 12% p.a. to be appropriate (within the range of rates notified under other provisions) and allowed the appeal, directing interest at 12% on the refunded deposit. Case-Laws Central Excise Tue, 25 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407991