https://www.taxtmi.com/caselaws?id=765252 The CESTAT Allahabad dismissed an appeal seeking interest on refunded pre-deposit amounts under Sections 35F and 35FF of the Central Excise Act, 1944. The appellant had deposited amounts through CENVAT account reversal in 2007, which were appropriated by the adjudicating authority in 2009. Though the Tribunal later allowed the appellant's appeal leading to refund proceedings, the CESTAT held that no interest was payable as the refund was made within the statutory period and applicable provisions did not mandate interest payment, distinguishing the case from the SC precedent in Ranbaxy Laboratories. en-us Mon, 27 Jan 2025 00:00:00 +0530 Wed, 29 Jan 2025 09:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765252 The CESTAT Allahabad dismissed an appeal seeking interest on refunded pre-deposit amounts under Sections 35F and 35FF of the Central Excise Act, 1944. The appellant had deposited amounts through CENVAT account reversal in 2007, which were appropriated by the adjudicating authority in 2009. Though the Tribunal later allowed the appellant's appeal leading to refund proceedings, the CESTAT held that no interest was payable as the refund was made within the statutory period and applicable provisions did not mandate interest payment, distinguishing the case from the SC precedent in Ranbaxy Laboratories. Case-Laws Central Excise Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765252