Interest on Pre-Deposits: Tribunal Clarifies Entitlement Under Central Excise Act Post-2014 Amendment.

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....Interest on the pre-deposit - The Tribunal found that the issue revolved around whether the appellants were entitled to interest on the pre-deposit u/s 35FF of the Central Excise Act, 1944, or u/s 11B. - The Tribunal referred to the provisions of Section 35FF both before and after the amendment brought about by the Finance Act, 2014, highlighting the obligation to pay interest from the date of pre-deposit till the date of refund. - Citing various precedents and circulars, the Tribunal emphasized that amounts other than duty, deposited during investigation or as a condition for the grant of stay or bail, are treated as pre-deposits.....