https://www.taxtmi.com/caselaws?id=765304 CESTAT Allahabad dismissed the appeal regarding interest entitlement on refunded deposits. The appellant deposited an amount during investigation which was later appropriated by the Original Authority against duty demand. The tribunal held that once appropriated, the deposit acquired the character of duty payment. Following SC precedent in Mafatlal Industries, the appellant was entitled to interest under Section 11BB of Central Excise Act, 1944, from deposit date to actual refund date. The appeal lacked merit and was dismissed. en-us Fri, 20 Dec 2024 00:00:00 +0530 Thu, 30 Jan 2025 08:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765304 CESTAT Allahabad dismissed the appeal regarding interest entitlement on refunded deposits. The appellant deposited an amount during investigation which was later appropriated by the Original Authority against duty demand. The tribunal held that once appropriated, the deposit acquired the character of duty payment. Following SC precedent in Mafatlal Industries, the appellant was entitled to interest under Section 11BB of Central Excise Act, 1944, from deposit date to actual refund date. The appeal lacked merit and was dismissed. Case-Laws Central Excise Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765304