https://www.taxtmi.com/caselaws?id=422643 The Tribunal ruled in favor of the appellant, a manufacturer of automotive components, in a case involving the denial of clearing scrap under DTA, leading to a demand of Rs. 1,04,55,307/- with interest and penalties. The appellant's appeal for refund of a pre-deposit amount of Rs. 60 lakh, contested for interest, was successful. The Tribunal held that the appellant was entitled to the full refund of the pre-deposit amount with interest at a rate between 5% and 36% per annum, ordering the disbursement of the entire amount with interest calculated at 12% from the date of payment, setting aside the challenged order. en-us Tue, 10 May 2022 00:00:00 +0530 Fri, 17 Feb 2023 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422643 The Tribunal ruled in favor of the appellant, a manufacturer of automotive components, in a case involving the denial of clearing scrap under DTA, leading to a demand of Rs. 1,04,55,307/- with interest and penalties. The appellant's appeal for refund of a pre-deposit amount of Rs. 60 lakh, contested for interest, was successful. The Tribunal held that the appellant was entitled to the full refund of the pre-deposit amount with interest at a rate between 5% and 36% per annum, ordering the disbursement of the entire amount with interest calculated at 12% from the date of payment, setting aside the challenged order. Case-Laws Central Excise Tue, 10 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422643