https://www.taxtmi.com/caselaws?id=763868 The CESTAT Allahabad dismissed the appeal regarding interest calculation on delayed refunds. The tribunal held that when amounts deposited by the appellant during officer visits were appropriated by the original authority against shortages, such amounts acquired the character of duty upon appropriation. Following the SC precedent in Mafatlal Industries Ltd. v. Union of India, all refund claims must be adjudicated under the Central Excise Act provisions. Interest on refunds is governed by Section 11BB, calculated from the date of deposit, with Section 35FF providing specific provisions for deposits made under Section 35F for appeals. en-us Mon, 08 Apr 2024 00:00:00 +0530 Tue, 31 Dec 2024 08:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763868 The CESTAT Allahabad dismissed the appeal regarding interest calculation on delayed refunds. The tribunal held that when amounts deposited by the appellant during officer visits were appropriated by the original authority against shortages, such amounts acquired the character of duty upon appropriation. Following the SC precedent in Mafatlal Industries Ltd. v. Union of India, all refund claims must be adjudicated under the Central Excise Act provisions. Interest on refunds is governed by Section 11BB, calculated from the date of deposit, with Section 35FF providing specific provisions for deposits made under Section 35F for appeals. Case-Laws Central Excise Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763868