https://www.taxtmi.com/caselaws?id=45974 The Court ruled in favor of the respondent-Company in a writ appeal concerning entitlement to interest on a pre-deposit amount. The Department was directed to pay 15% interest on the pre-deposit amount from the date of the CEGAT order, modifying the initial 18% rate awarded by the single Judge. Failure to comply within a specified time frame would result in an increased interest rate until actual payment. The Department was held liable for the delay in repayment without valid reasons, and the writ appeal was disposed of in favor of the respondent-Company with no costs awarded. en-us Tue, 19 Jun 2001 00:00:00 +0530 Thu, 15 Jul 2010 10:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45974 The Court ruled in favor of the respondent-Company in a writ appeal concerning entitlement to interest on a pre-deposit amount. The Department was directed to pay 15% interest on the pre-deposit amount from the date of the CEGAT order, modifying the initial 18% rate awarded by the single Judge. Failure to comply within a specified time frame would result in an increased interest rate until actual payment. The Department was held liable for the delay in repayment without valid reasons, and the writ appeal was disposed of in favor of the respondent-Company with no costs awarded. Case-Laws Central Excise Tue, 19 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45974