https://www.taxtmi.com/caselaws?id=755080 Amounts paid under protest against an audit objection retain the character of duty for refund purposes and are governed by sections 11B and 11BB of the Central Excise Act, 1944, rather than being treated as a mere statutory deposit. Where the refund becomes payable because of an appellate order, the relevant date for interest is that appellate order, and interest runs only after three months from that date. Section 11BB also fixes interest at the notified statutory rate, so a higher compensatory rate cannot be substituted in the absence of a legal basis. The refund order was therefore modified only to adjust the starting point for interest, while the notified rate was maintained. en-us Wed, 03 Jul 2024 00:00:00 +0530 Thu, 04 Jul 2024 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755080 Amounts paid under protest against an audit objection retain the character of duty for refund purposes and are governed by sections 11B and 11BB of the Central Excise Act, 1944, rather than being treated as a mere statutory deposit. Where the refund becomes payable because of an appellate order, the relevant date for interest is that appellate order, and interest runs only after three months from that date. Section 11BB also fixes interest at the notified statutory rate, so a higher compensatory rate cannot be substituted in the absence of a legal basis. The refund order was therefore modified only to adjust the starting point for interest, while the notified rate was maintained. Case-Laws Central Excise Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755080