2021 (3) TMI 790

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....for the Respondent ORDER The appellant is in appeal against the impugned order demanding interest @ 12% per annum of the refund already sanctioned. 2. The facts of the case are that the appellant is a manufacture of excisable goods i.e. potassium silicate. A show cause notice dated 9.12.2011 was issued to the appellant raising demand of excise duty of Rs. 80,24,977/- along with interest a....

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....decision of Hon'ble Apex Court in the case of ITC Limited-2005 (179) ELT 15 (SC), LSE Securities Limited vs. CCE-2015 (320) ELT 350 (P&H), Shreewood Products Pvt.Ltd.-2016 (44) ELT STR 592 (P&H) and in the case of UCAL Fuel Systems Limited-2014 (306) ELT 26 (Mad.). 4. On the other hand, ld.AR opposed the contention of the ld. Counsel and relied upon the decision in the case of Devendra Udyog vs....

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....g of order. Further, in the case of Shreewood Products Pvt.Ltd.- (supra), again the Hon'ble Jurisdictional High Court has held that the appellant is entitled to payment of interest @ 12% per annum in terms of section 11BB of Central Excise Act, 1944 after 3 months after passing of the order of this Tribunal till the refund was granted. As per two the decisions of Hon'ble jurisdiction Punjab & Hary....