https://www.taxtmi.com/caselaws?id=42676 The court ruled in favor of the petitioner, a torch manufacturer, in a case concerning the entitlement to interest on excise duty refund. The court held that public bodies are obligated to pay interest on amounts unjustly retained, as established in legal precedents. Interest was awarded from the date of the Tribunal's judgment until the refund date at a rate of 12% per annum. The respondents were directed to pay interest to the petitioner for the determined period, emphasizing the importance of prompt fulfillment of statutory duties to prevent unjust withholding of rightful claims. en-us Thu, 18 Jan 1990 00:00:00 +0530 Sat, 12 Jun 2010 15:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42676 The court ruled in favor of the petitioner, a torch manufacturer, in a case concerning the entitlement to interest on excise duty refund. The court held that public bodies are obligated to pay interest on amounts unjustly retained, as established in legal precedents. Interest was awarded from the date of the Tribunal's judgment until the refund date at a rate of 12% per annum. The respondents were directed to pay interest to the petitioner for the determined period, emphasizing the importance of prompt fulfillment of statutory duties to prevent unjust withholding of rightful claims. Case-Laws Central Excise Thu, 18 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42676