https://www.taxtmi.com/caselaws?id=777634 CESTAT KOLKATA - AT allowed the appellant's appeals, setting aside the demand for recovery of interest on the full provisional refund. Tribunal held the sanctioned refund must be recalculated per the special value-addition rate fixed under the notification; only a net excess of Rs.50,96,571 was ultimately received and was repaid, so no interest is payable. The demand for interest was quashed for lack of a show-cause notice under Section 11A/11AA and because invoking the surety bond without first raising a statutory demand was impermissible. The demand for interest on Rs.24,00,07,627 was unsustainable. en-us Wed, 20 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 10:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777634 CESTAT KOLKATA - AT allowed the appellant's appeals, setting aside the demand for recovery of interest on the full provisional refund. Tribunal held the sanctioned refund must be recalculated per the special value-addition rate fixed under the notification; only a net excess of Rs.50,96,571 was ultimately received and was repaid, so no interest is payable. The demand for interest was quashed for lack of a show-cause notice under Section 11A/11AA and because invoking the surety bond without first raising a statutory demand was impermissible. The demand for interest on Rs.24,00,07,627 was unsustainable. Case-Laws Central Excise Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777634