https://www.taxtmi.com/forum/issue?id=118626 The text addresses whether claimants can obtain interest at a higher rate than the rate prescribed by statute and executive instruction on refunds of pre-deposits in service tax. It explains that the prescribed rate is the normal entitlement and that executive circulars are binding on the department, while higher interest has been awarded by courts only in exceptional cases of serious departmental delay or fault. Thus, claimants cannot as of right demand a higher rate absent adjudicated grounds showing administrative culpability. en-us Fri, 07 Jul 2023 12:21:46 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118626 The text addresses whether claimants can obtain interest at a higher rate than the rate prescribed by statute and executive instruction on refunds of pre-deposits in service tax. It explains that the prescribed rate is the normal entitlement and that executive circulars are binding on the department, while higher interest has been awarded by courts only in exceptional cases of serious departmental delay or fault. Thus, claimants cannot as of right demand a higher rate absent adjudicated grounds showing administrative culpability. Discussion-Forum Service Tax Fri, 07 Jul 2023 12:21:46 +0530 https://www.taxtmi.com/forum/issue?id=118626