https://www.taxtmi.com/caselaws?id=750733 CESTAT New Delhi allowed the appeal regarding interest on refund of pre-deposit under Section 35F of Finance Act. The Commissioner (Appeals) wrongly relied on pre-amended Section 35FF to deny interest entitlement. Following SC precedent in Finacord Chemicals case, the tribunal held that refund matters other than duty amount are not covered under Section 11B of Customs Act or Section 35FF of Central Excise Act, and unjust enrichment concept is inapplicable. The appellant was granted interest at 12% rate from deposit date to payment date. en-us Tue, 16 Jan 2024 00:00:00 +0530 Thu, 28 Mar 2024 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750733 CESTAT New Delhi allowed the appeal regarding interest on refund of pre-deposit under Section 35F of Finance Act. The Commissioner (Appeals) wrongly relied on pre-amended Section 35FF to deny interest entitlement. Following SC precedent in Finacord Chemicals case, the tribunal held that refund matters other than duty amount are not covered under Section 11B of Customs Act or Section 35FF of Central Excise Act, and unjust enrichment concept is inapplicable. The appellant was granted interest at 12% rate from deposit date to payment date. Case-Laws Service Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750733