https://www.taxtmi.com/caselaws?id=47112 The court found in favor of the petitioner, a company seeking a refund of excise duty rebate for exported goods. The respondents' failure to file a counter affidavit led the court to treat the allegations as correct. The court ordered the refund of Rs. 32,84,357.86 with 12% interest per annum, emphasizing timely compliance. The judgment criticized the department's delay in refunding and directed payment within two months. Precedents supported awarding interest to prevent unfair enrichment, justifying the 12% interest rate. The decision highlighted the importance of fulfilling legal obligations promptly in excise duty rebate matters. en-us Thu, 08 Jul 2004 00:00:00 +0530 Tue, 27 Jul 2010 10:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47112 The court found in favor of the petitioner, a company seeking a refund of excise duty rebate for exported goods. The respondents' failure to file a counter affidavit led the court to treat the allegations as correct. The court ordered the refund of Rs. 32,84,357.86 with 12% interest per annum, emphasizing timely compliance. The judgment criticized the department's delay in refunding and directed payment within two months. Precedents supported awarding interest to prevent unfair enrichment, justifying the 12% interest rate. The decision highlighted the importance of fulfilling legal obligations promptly in excise duty rebate matters. Case-Laws Central Excise Thu, 08 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47112