https://www.taxtmi.com/caselaws?id=752505 CESTAT Hyderabad held that pre-deposit refunds under Section 35FF of Central Excise Act, 1944 are entitled to interest from deposit date until refund payment date, following 2014 Finance Act amendments. The tribunal ruled that interest rates must follow statutory provisions rather than arbitrary tribunal determination, citing SC precedent. The appellants were granted interest on pre-deposit refunds at statutorily prescribed rates under Section 35FF provisions. Appeal allowed. en-us Fri, 23 Feb 2024 00:00:00 +0530 Mon, 13 May 2024 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752505 CESTAT Hyderabad held that pre-deposit refunds under Section 35FF of Central Excise Act, 1944 are entitled to interest from deposit date until refund payment date, following 2014 Finance Act amendments. The tribunal ruled that interest rates must follow statutory provisions rather than arbitrary tribunal determination, citing SC precedent. The appellants were granted interest on pre-deposit refunds at statutorily prescribed rates under Section 35FF provisions. Appeal allowed. Case-Laws Central Excise Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752505