2018 (1) TMI 303

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....nbsp;             This appeal has been filed by Tien Yuan India P. Ltd. against denial of interest on refund sanctioned to them. 2. Ld. Counsel for the appellants pointed that a certain investigation was conducted in respect of availment of cenvat credit and the appellants deposited Rs. 2 crores at the time of investigation. The demand....

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....he demand confirmation and redemption fine imposed on the appellants. The interest was paid on the net amount sanctioned and not on the full Rs. 2 crores which was originally deposited by the appellants. In this appeal, the appellants are seeking grant of interest on the entire value of Rs. 2 crores and are challenging the grant of interest of only on the net value after adjusting of certain other....

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....d of two weeks from the date of receipt of a copy of this order." Ld. Counsel argued that in terms of Hon'ble High Court order, interest on the entire Rs. 2 crore should be granted and not merely on the net value after adjusting redemption fine and demand confirmed. 3. Ld. AR appearing on behalf of the revenue reiterates the finding of the impugned order. He argued that in para 13 of its....