https://www.taxtmi.com/caselaws?id=33517 The appeals filed by the Revenue regarding refund claims for interest paid during finalization of provisional assessment by M/s. Garware Chemicals Ltd. were allowed. The Member (T) held that interest payment was correctly made from the first day of the succeeding month as per Rule 7(4) of the Central Excise Rules, 2002. The Revenue's challenge on merits was consistent, leading to the direction for repayment of refund amounts by the respondents. The decision underscored the significance of adhering to legal principles and precedent-setting decisions in determining entitlement to refunds, overruling the previous tribunal decision by a Larger Bench. en-us Mon, 08 Dec 2008 00:00:00 +0530 Thu, 21 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33517 The appeals filed by the Revenue regarding refund claims for interest paid during finalization of provisional assessment by M/s. Garware Chemicals Ltd. were allowed. The Member (T) held that interest payment was correctly made from the first day of the succeeding month as per Rule 7(4) of the Central Excise Rules, 2002. The Revenue's challenge on merits was consistent, leading to the direction for repayment of refund amounts by the respondents. The decision underscored the significance of adhering to legal principles and precedent-setting decisions in determining entitlement to refunds, overruling the previous tribunal decision by a Larger Bench. Case-Laws Central Excise Mon, 08 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33517