https://www.taxtmi.com/caselaws?id=42232 An exemption notification covering yarn spun wholly out of glass fibre was treated as extending to imported glass yarn, so countervailing duty could not be sustained and the duty collected under protest was refundable. The discussion also records that interest on the refund was allowed, but at 12% per annum rather than the 18% claimed. The operative principle is that where the exemption clearly applies to the goods, duty cannot be levied contrary to that exemption, and amounts collected under protest are liable to refund with interest at the rate granted. en-us Thu, 24 Mar 1988 00:00:00 +0530 Thu, 10 Jun 2010 09:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42232 An exemption notification covering yarn spun wholly out of glass fibre was treated as extending to imported glass yarn, so countervailing duty could not be sustained and the duty collected under protest was refundable. The discussion also records that interest on the refund was allowed, but at 12% per annum rather than the 18% claimed. The operative principle is that where the exemption clearly applies to the goods, duty cannot be levied contrary to that exemption, and amounts collected under protest are liable to refund with interest at the rate granted. Case-Laws Central Excise Thu, 24 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42232