The Chennai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that no Interest is applicable for a period of delay in filing a Service Tax Refund Claim. The appellant, M/s. Sivamurugan Chit Fund (P) Limited is engaged in chit fund business and after the introduction of negative taxation regime, they were compelled to pay Service Tax on the foreman charges collected for their chit fund activities for the period from 01.07.2012 to 31.05.2013. The Adjudicating Authority, after issuing Show Cause Notice, rejected the refund claim as being hit by the limitation of time as prescribed under Section 11B of the Central Excise Act, 1944. On the first appeal, the First Appellate Authority also has rejected the appellant’s appeal, the present appeal has been filed before this forum.
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