Interest Payable on Excise Regime Investigation Deposits as Retention Violates Article 265

Sri Cornation Fireworks P. Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) Think Differently: Refining the Legal Argument for claim of Interest on Deposits Made During Investigation in Excise Regime The Core Issue The central dispute concerns the payment of interest on amounts deposited “under protest” during investigations in the Central Excise and Service Tax regimes. These disputes typically arise when a case is eventually settled in favor of the assessee by the Commissioner (Appeals) or CESTAT. Historically, adjudicating authorities appropriated these payments...