https://www.taxtmi.com/caselaws?id=764025 CESTAT Allahabad dismissed the appeal regarding interest on delayed refund of Anti-Dumping Duty deposited during investigation. The tribunal held that interest on refunds is payable only from the date of filing the refund application, not from the date of deposit. Since the amounts were deposited in 2011 prior to Section 129EE insertion on 06.08.2014, statutory interest provisions under Section 129EE of Customs Act, 1962 would apply. The tribunal emphasized that statutory tribunals cannot exceed statutory provisions and must follow prescribed methods for interest computation, rejecting the appellant's claim for interest from deposit date. en-us Tue, 17 Dec 2024 00:00:00 +0530 Wed, 01 Jan 2025 20:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764025 CESTAT Allahabad dismissed the appeal regarding interest on delayed refund of Anti-Dumping Duty deposited during investigation. The tribunal held that interest on refunds is payable only from the date of filing the refund application, not from the date of deposit. Since the amounts were deposited in 2011 prior to Section 129EE insertion on 06.08.2014, statutory interest provisions under Section 129EE of Customs Act, 1962 would apply. The tribunal emphasized that statutory tribunals cannot exceed statutory provisions and must follow prescribed methods for interest computation, rejecting the appellant's claim for interest from deposit date. Case-Laws Customs Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764025