https://www.taxtmi.com/caselaws?id=419713 The Tribunal set aside the Order-in-Appeal, ruling in favor of M/s Elegant Developers, entitling them to the refund of the pre-deposit amount with interest at 12%. The Tribunal determined that the appellant was entitled to interest as the pre-deposit was wrongfully held by the Department and not a duty payment. Additionally, the Tribunal clarified that the post-amendment Section 35FF applied to the case, mandating interest on the deposited amount. The Tribunal increased the interest rate to 12% to reasonably compensate the appellant from the date of payment. en-us Wed, 16 Mar 2022 00:00:00 +0530 Sat, 19 Mar 2022 07:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419713 The Tribunal set aside the Order-in-Appeal, ruling in favor of M/s Elegant Developers, entitling them to the refund of the pre-deposit amount with interest at 12%. The Tribunal determined that the appellant was entitled to interest as the pre-deposit was wrongfully held by the Department and not a duty payment. Additionally, the Tribunal clarified that the post-amendment Section 35FF applied to the case, mandating interest on the deposited amount. The Tribunal increased the interest rate to 12% to reasonably compensate the appellant from the date of payment. Case-Laws Service Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419713