https://www.taxtmi.com/caselaws?id=42529 Interest may be payable on excise duty recovered without authority of law and retained for an extended period, because such interest operates as compensation for the use of another's money. The absence of an express statutory or rules-based provision does not necessarily bar relief where the underlying levy itself was unauthorized and the Department continued to hold the amount. The equitable principle requiring public bodies to restore money wrongly collected supported an award of interest at 12% per annum from the date of collection until actual refund. en-us Tue, 04 Apr 1989 00:00:00 +0530 Tue, 30 Dec 2014 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42529 Interest may be payable on excise duty recovered without authority of law and retained for an extended period, because such interest operates as compensation for the use of another's money. The absence of an express statutory or rules-based provision does not necessarily bar relief where the underlying levy itself was unauthorized and the Department continued to hold the amount. The equitable principle requiring public bodies to restore money wrongly collected supported an award of interest at 12% per annum from the date of collection until actual refund. Case-Laws Central Excise Tue, 04 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42529