Delayed Refund of Excise Duty paid during Investigation eligible for Interest: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that the delayed refund of excise duty paid during the period of investigation is eligible for interest under section 35FF of the Central Excise Act, 1941. The appellant, M/s Shri NakodaIspat Ltd approached the Tribunal asking for a refund of the duty…

Source Taxscan

 

---

---