https://www.taxtmi.com/caselaws?id=766400 CESTAT Chandigarh ruled that appellant was entitled to interest at 12% per annum on refund of deposit made during investigation. The Tribunal relied on consistent HC and Tribunal decisions establishing 12% as the applicable rate for such cases. Interest calculation period runs from date of deposit until date of refund disbursement. The decision was supported by precedents from Punjab and Haryana HC and various Tribunal benches. Appeal was allowed in favor of appellant. en-us Fri, 21 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 09:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766400 CESTAT Chandigarh ruled that appellant was entitled to interest at 12% per annum on refund of deposit made during investigation. The Tribunal relied on consistent HC and Tribunal decisions establishing 12% as the applicable rate for such cases. Interest calculation period runs from date of deposit until date of refund disbursement. The decision was supported by precedents from Punjab and Haryana HC and various Tribunal benches. Appeal was allowed in favor of appellant. Case-Laws Central Excise Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766400