https://www.taxtmi.com/caselaws?id=446687 CESTAT New Delhi held that appellant was entitled to interest on refund of pre-deposited amount at 12% per annum from deposit date until refund date. The authority had denied interest claiming refund was sanctioned within three months under Section 35FF of Central Excise Act, 1944. Tribunal found the proviso inapplicable to the circumstances and set aside the findings. For amount of Rs.13,50,500 deposited during investigation from Cenvat account, interest was allowed from final order date (20.10.2017) until payment. Appeal was allowed with interest entitlement established despite department's contentions regarding remand proceedings. en-us Thu, 07 Dec 2023 00:00:00 +0530 Fri, 08 Dec 2023 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446687 CESTAT New Delhi held that appellant was entitled to interest on refund of pre-deposited amount at 12% per annum from deposit date until refund date. The authority had denied interest claiming refund was sanctioned within three months under Section 35FF of Central Excise Act, 1944. Tribunal found the proviso inapplicable to the circumstances and set aside the findings. For amount of Rs.13,50,500 deposited during investigation from Cenvat account, interest was allowed from final order date (20.10.2017) until payment. Appeal was allowed with interest entitlement established despite department's contentions regarding remand proceedings. Case-Laws Central Excise Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446687