https://www.taxtmi.com/caselaws?id=414814 The Tribunal, in a case involving a dispute over interest on a deposit made under duress during an investigation by the Central Excise Department, ruled in favor of the appellants. Citing legal precedents and a Division Bench ruling, the Tribunal directed the Adjudicating Authority to grant interest at 12% per annum from the date of deposit to the date of refund. The decision emphasized the importance of timely and fair resolution of refund claims, ensuring that parties are appropriately compensated for financial implications arising from such deposits made under protest during investigations. en-us Tue, 02 Nov 2021 00:00:00 +0530 Fri, 05 Aug 2022 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414814 The Tribunal, in a case involving a dispute over interest on a deposit made under duress during an investigation by the Central Excise Department, ruled in favor of the appellants. Citing legal precedents and a Division Bench ruling, the Tribunal directed the Adjudicating Authority to grant interest at 12% per annum from the date of deposit to the date of refund. The decision emphasized the importance of timely and fair resolution of refund claims, ensuring that parties are appropriately compensated for financial implications arising from such deposits made under protest during investigations. Case-Laws Central Excise Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414814