2009 (4) TMI 642

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.... The appellants M/s. Bombay Burmah Trading Corporation Ltd. debited the applicable credit of duty and, interest of Rs. 13,036/- in their RG23A Part-II when they transferred certain credit availed machinery from their factory. Later on, at the instance of the Department, they paid an amount of Rs. 13,036/- under TR6 challan dated 11-1-2005. They claimed refund of the interest amount as the same ha....

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.... of the same could not be made in cash. The appellants were out of the CENVAT scheme with effect from 1-3-2005 and the interest amount debited from the CENVAT account would also have lapsed [had it not been debited from the account] when they went out of the CENVAT scheme. The provisions contained under Section 11B of the Central Excise Act governing refund of duty does not cover refund of interes....