https://www.taxtmi.com/caselaws?id=775146 CESTAT Kolkata ruled in favor of the appellant regarding interest on refunded amounts deposited during investigation. The tribunal set aside the lower authority's order denying interest payment, holding that such interest is legally mandated based on Karnataka HC precedent in Commissioner of C.Ex., Bangalore v. KVR Construction. The court determined that interest at 12% per annum is payable from the date of deposit until refund, following the Apex Court decision in Rajendra Kumar Jain. The appeal was allowed, establishing the appellant's entitlement to receive 12% interest on the refunded investigation deposit amount. en-us Tue, 15 Jul 2025 00:00:00 +0530 Mon, 21 Jul 2025 08:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775146 CESTAT Kolkata ruled in favor of the appellant regarding interest on refunded amounts deposited during investigation. The tribunal set aside the lower authority's order denying interest payment, holding that such interest is legally mandated based on Karnataka HC precedent in Commissioner of C.Ex., Bangalore v. KVR Construction. The court determined that interest at 12% per annum is payable from the date of deposit until refund, following the Apex Court decision in Rajendra Kumar Jain. The appeal was allowed, establishing the appellant's entitlement to receive 12% interest on the refunded investigation deposit amount. Case-Laws Customs Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775146