https://www.taxtmi.com/caselaws?id=440677 The Tribunal ruled in favor of the appellant, stating they are entitled to claim interest on the delayed refund of the rebate amount from the date of deposit until realization. Citing relevant cases and statutory provisions, the Tribunal determined the interest rate at 12% per annum, to be calculated from the date of sanctioning of the rebate claim until the actual refund date. The Adjudicating Authority was directed to comply with the order within 30 days, and the appeals were resolved accordingly. en-us Thu, 20 Jul 2023 00:00:00 +0530 Mon, 24 Jul 2023 21:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440677 The Tribunal ruled in favor of the appellant, stating they are entitled to claim interest on the delayed refund of the rebate amount from the date of deposit until realization. Citing relevant cases and statutory provisions, the Tribunal determined the interest rate at 12% per annum, to be calculated from the date of sanctioning of the rebate claim until the actual refund date. The Adjudicating Authority was directed to comply with the order within 30 days, and the appeals were resolved accordingly. Case-Laws Service Tax Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440677