Charge of the double benefit will sustain only when the assessee claims the refund and utilise the same for payment of duty

Charge of the double benefit will sustain only when the assessee claims the refund and utilise the same for payment of duty https://www.taxtmi.com/article/detailed?id=10911 Refunds claimed under the refund notification at the time of filing are not subject to reversal obligations introduced later; a later notification cannot be invoked to deny refunds where the original refund regime contained no debiting requirement. A charge of double benefit requires actual utilisation of the refunded amount to pay duty; unutilized and non-transferred CENVAT credit does not constitute double benefit. Interest on delayed refunds is payable after the statutory three-month period until the date of refund. en-us Wed, 28 Dec 2022 09:58:08 +0530 Wed, 28 Dec 2022 09:58:08 +0530 TaxTMI RSS Generator Charge of the double benefit will sustain only when the assessee claims the refund and utilise the same for payment of duty https://www.taxtmi.com/article/detailed?id=10911 Refunds claimed under the refund notification at the time of filing are not subject to reversal obligations introduced later; a later notification cannot be invoked to deny refunds where the original refund regime contained no debiting requirement. A charge of double benefit requires actual utilisation of the refunded amount to pay duty; unutilized and non-transferred CENVAT credit does not constitute double benefit. Interest on delayed refunds is payable after the statutory three-month period until the date of refund. Articles Central Excise Wed, 28 Dec 2022 09:58:08 +0530 https://www.taxtmi.com/article/detailed?id=10911