https://www.taxtmi.com/caselaws?id=770372 Amounts deposited during adjudication or investigation retain the character of refundable deposits rather than service tax or duty payments. Their refund is therefore outside the statutory refund mechanism under Section 11B of the Central Excise Act, and the interest rate prescribed under Section 11BB does not apply. Interest is payable at 12% on the refundable deposit, based on the principle that interest compensates for retention from the date the deposit was made. The transitional refund framework under the Central Goods and Services Tax Act supports calculating interest from the deposit date until payment, rather than only after a refund claim is filed. en-us Wed, 07 May 2025 00:00:00 +0530 Sat, 10 May 2025 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770372 Amounts deposited during adjudication or investigation retain the character of refundable deposits rather than service tax or duty payments. Their refund is therefore outside the statutory refund mechanism under Section 11B of the Central Excise Act, and the interest rate prescribed under Section 11BB does not apply. Interest is payable at 12% on the refundable deposit, based on the principle that interest compensates for retention from the date the deposit was made. The transitional refund framework under the Central Goods and Services Tax Act supports calculating interest from the deposit date until payment, rather than only after a refund claim is filed. Case-Laws Service Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770372