https://www.taxtmi.com/caselaws?id=444128 An amount standing to the credit of an assessee in the PLA/current account, being an advance deposit of excise duty, is refundable under the statutory exception in Section 11B(2) of the Central Excise Act, rather than being transferred to the Consumer Welfare Fund. The court treated the unspent balance as duty of excise for refund purposes because it is an advance payment adjusted against future clearances, not a mere deposit outside the revenue stream. Once refund of that amount is delayed beyond the statutory period, Section 11BB applies and interest becomes payable on the delayed refund. en-us Wed, 04 Oct 2023 00:00:00 +0530 Mon, 09 Oct 2023 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444128 An amount standing to the credit of an assessee in the PLA/current account, being an advance deposit of excise duty, is refundable under the statutory exception in Section 11B(2) of the Central Excise Act, rather than being transferred to the Consumer Welfare Fund. The court treated the unspent balance as duty of excise for refund purposes because it is an advance payment adjusted against future clearances, not a mere deposit outside the revenue stream. Once refund of that amount is delayed beyond the statutory period, Section 11BB applies and interest becomes payable on the delayed refund. Case-Laws Central Excise Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444128