https://www.taxtmi.com/caselaws?id=793978 Amounts deposited under protest during provisional assessment, without an adjudicated duty liability, were treated as revenue deposits and not duty. On that basis, Section 11BB of the Central Excise Act, 1944 did not postpone interest to three months after the refund application; interest ran from the respective dates of deposit until actual refund. As the Act prescribed no specific rate for interest on refund of revenue deposits, the rate was fixed on fairness, equity and reasonableness, and the binding precedent applied 12% per annum. The impugned order was set aside and the balance interest was directed to be recomputed and paid. en-us Thu, 25 Jun 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793978 Amounts deposited under protest during provisional assessment, without an adjudicated duty liability, were treated as revenue deposits and not duty. On that basis, Section 11BB of the Central Excise Act, 1944 did not postpone interest to three months after the refund application; interest ran from the respective dates of deposit until actual refund. As the Act prescribed no specific rate for interest on refund of revenue deposits, the rate was fixed on fairness, equity and reasonableness, and the binding precedent applied 12% per annum. The impugned order was set aside and the balance interest was directed to be recomputed and paid. Case-Laws Central Excise Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793978