https://www.taxtmi.com/caselaws?id=424965 The Tribunal held that the appellant was entitled to interest on deposits made during investigation, citing precedents like Sandvik Asia Ltd. and Parle Agro (P) Ltd. Despite the Department's argument that interest was not applicable due to timely refund under section 11B of the Central Excise Act, the Tribunal granted interest at 12% from deposit date to realization. Emphasizing that section 11B did not apply to unconfirmed duty deposits, the Tribunal overturned previous orders, allowing the appeals and awarding interest on the deposited amount. en-us Mon, 04 Jul 2022 00:00:00 +0530 Wed, 13 Jul 2022 07:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424965 The Tribunal held that the appellant was entitled to interest on deposits made during investigation, citing precedents like Sandvik Asia Ltd. and Parle Agro (P) Ltd. Despite the Department's argument that interest was not applicable due to timely refund under section 11B of the Central Excise Act, the Tribunal granted interest at 12% from deposit date to realization. Emphasizing that section 11B did not apply to unconfirmed duty deposits, the Tribunal overturned previous orders, allowing the appeals and awarding interest on the deposited amount. Case-Laws Central Excise Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424965