https://www.taxtmi.com/caselaws?id=785776 Rate of interest on refund of pre-deposit must follow the statutory notification fixing the rate at 6% per annum; the tribunal applied the Delhi High Court reasoning that a notification issued under the customs/central excise refund scheme is binding and limits the discretion to award higher rates. The tribunal rejected contrary precedents as inapplicable where either the refund was denied or the 2014 notification was not considered, and found delay allegations immaterial to altering the statutory rate. Consequent order upholds the impugned order and dismisses the appeal. en-us Thu, 29 Jan 2026 00:00:00 +0530 Sat, 31 Jan 2026 08:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785776 Rate of interest on refund of pre-deposit must follow the statutory notification fixing the rate at 6% per annum; the tribunal applied the Delhi High Court reasoning that a notification issued under the customs/central excise refund scheme is binding and limits the discretion to award higher rates. The tribunal rejected contrary precedents as inapplicable where either the refund was denied or the 2014 notification was not considered, and found delay allegations immaterial to altering the statutory rate. Consequent order upholds the impugned order and dismisses the appeal. Case-Laws Customs Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785776