https://www.taxtmi.com/caselaws?id=763824 Gujarat HC dismissed petition challenging interest calculation on refund of deposit made under protest. Court held that interest under Section 11BB of Central Excise Act, 1944 is payable from three months after receipt of refund application, not from deposit date. Petitioner deposited amount under protest in 2005, but refund was granted under Section 11B after CESTAT allowed appeal. Court followed precedent establishing that interest runs from statutory period under Section 11BB, not from original deposit date, as amount was adjusted against determined demand through proper adjudication process. en-us Wed, 27 Nov 2024 00:00:00 +0530 Mon, 30 Dec 2024 08:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763824 Gujarat HC dismissed petition challenging interest calculation on refund of deposit made under protest. Court held that interest under Section 11BB of Central Excise Act, 1944 is payable from three months after receipt of refund application, not from deposit date. Petitioner deposited amount under protest in 2005, but refund was granted under Section 11B after CESTAT allowed appeal. Court followed precedent establishing that interest runs from statutory period under Section 11BB, not from original deposit date, as amount was adjusted against determined demand through proper adjudication process. Case-Laws Central Excise Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763824