https://www.taxtmi.com/caselaws?id=754787 CESTAT New Delhi held that appellant was entitled to interest under Section 11BB of Central Excise Act, 1944 on refunded pre-deposit amount. The tribunal set aside lower authority's denial of interest, ruling that refund provisions of Section 11B and 11BB were not applicable to the amount in question. Citing Article 300A of Constitution and SC precedent, CESTAT determined appellant entitled to 12% per annum interest from deposit date until refund date, as denial would constitute unjust deprivation of property rights. Appeal allowed. en-us Fri, 28 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 08:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754787 CESTAT New Delhi held that appellant was entitled to interest under Section 11BB of Central Excise Act, 1944 on refunded pre-deposit amount. The tribunal set aside lower authority's denial of interest, ruling that refund provisions of Section 11B and 11BB were not applicable to the amount in question. Citing Article 300A of Constitution and SC precedent, CESTAT determined appellant entitled to 12% per annum interest from deposit date until refund date, as denial would constitute unjust deprivation of property rights. Appeal allowed. Case-Laws Central Excise Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754787