https://www.taxtmi.com/caselaws?id=42730 Where proforma credit under Rule 56A was admissible for countervailing duty paid on raw material used in fertiliser manufacture, the Court held that the assessee was entitled to refund of the amount claimed and not merely to a book adjustment. It accepted that the relevant clause did not bar refund where the benefit was otherwise due. The Court further held that delay in payment justified compensatory interest on the refundable sum, and directed interest at 8% per annum until payment. en-us Thu, 30 Mar 1989 00:00:00 +0530 Mon, 14 Jun 2010 09:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42730 Where proforma credit under Rule 56A was admissible for countervailing duty paid on raw material used in fertiliser manufacture, the Court held that the assessee was entitled to refund of the amount claimed and not merely to a book adjustment. It accepted that the relevant clause did not bar refund where the benefit was otherwise due. The Court further held that delay in payment justified compensatory interest on the refundable sum, and directed interest at 8% per annum until payment. Case-Laws Central Excise Thu, 30 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42730