Interest Awarded on Delayed Excise Refund u/s 35FF; 12% Annual Rate From Deposit to Refund Date.

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Full Text of the Document

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....Entitlement of interest on delayed refund of pre-deposit - seeking interest from the date of deposit till the date of its realisation under Section 35FF - The Adjudicating Authority is directed to grant interest @ 12% per annum from the date of deposit till the date of refund. Such interest should be granted within a period of two months from the date of receipt or service of the copy of this order - AT....