https://www.taxtmi.com/caselaws?id=44895 A prior three-Judge Bench decision had already settled the excise issue, so the High Court's contrary view could not be sustained and was set aside. Because the respondents had withdrawn the amount under the High Court judgment and retained it for years without furnishing the required bank guarantee, the Court ordered refund with interest at 12% per annum from the date of withdrawal, with liberty to adjust any transport subsidy found due. en-us Fri, 19 Dec 1997 00:00:00 +0530 Tue, 06 Jul 2010 15:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44895 A prior three-Judge Bench decision had already settled the excise issue, so the High Court's contrary view could not be sustained and was set aside. Because the respondents had withdrawn the amount under the High Court judgment and retained it for years without furnishing the required bank guarantee, the Court ordered refund with interest at 12% per annum from the date of withdrawal, with liberty to adjust any transport subsidy found due. Case-Laws Central Excise Fri, 19 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44895