https://www.taxtmi.com/caselaws?id=309901 The court ruled in favor of the petitioner, a cement manufacturer, in a case involving the refund of excise duty on 'Equalized Freight charges'. The court held that the petitioner was entitled to interest on the delayed refund from 06.06.1989 to 25.08.1995 at 9%, and thereafter at rates specified in notifications until the date of payment. The court also granted compensation for the loss of capital due to the delay in refund, citing the petitioner's entitlement from the date of the favorable order on 06.06.1989. The Department was directed to pay the interest within six weeks from the receipt of the court's order. en-us Tue, 21 Jan 2020 00:00:00 +0530 Tue, 26 Sep 2023 21:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309901 The court ruled in favor of the petitioner, a cement manufacturer, in a case involving the refund of excise duty on 'Equalized Freight charges'. The court held that the petitioner was entitled to interest on the delayed refund from 06.06.1989 to 25.08.1995 at 9%, and thereafter at rates specified in notifications until the date of payment. The court also granted compensation for the loss of capital due to the delay in refund, citing the petitioner's entitlement from the date of the favorable order on 06.06.1989. The Department was directed to pay the interest within six weeks from the receipt of the court's order. Case-Laws Central Excise Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309901