https://www.taxtmi.com/caselaws?id=752138 CESTAT Kolkata dismissed the refund claim filed by the appellant who sought refund of excess duty paid due to subsequent price reduction without opting for provisional assessment. The tribunal upheld the lower authorities' rejection of the claim on grounds of time limitation under Section 11B of the Central Excise Act, 1944. The court clarified that "may" in the statutory provision should be read as "shall" and that refund claims must be made within the prescribed one-year period, rejecting the appellant's argument for extended time limits. en-us Wed, 01 May 2024 00:00:00 +0530 Fri, 03 May 2024 19:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752138 CESTAT Kolkata dismissed the refund claim filed by the appellant who sought refund of excess duty paid due to subsequent price reduction without opting for provisional assessment. The tribunal upheld the lower authorities' rejection of the claim on grounds of time limitation under Section 11B of the Central Excise Act, 1944. The court clarified that "may" in the statutory provision should be read as "shall" and that refund claims must be made within the prescribed one-year period, rejecting the appellant's argument for extended time limits. Case-Laws Central Excise Wed, 01 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752138