Encashment of bank guarantee amount to payment of duty / tax

HIGH COURT OF ALLAHABAD Pace Marketing Specialities Versus Commissioner of Central Excise CEA NO. 115 OF 2008 AUGUST 12, 2011 ORDER We have heard Sri Bharat Ji Agrawal, Senior Advocate assisted by Sri Piyush Agrawal, learned counsel for the appellant and Sri S.P. Kesarwani appearing for the department. 2. This Central Excise Appeal under Section 35-G of the Central Excise Act, 1944 has come up for admission, on a question of law, namely, whether Section 11BB of the Central Excise Act is applicable for payment of interest on the refund of Rs. 42.50 lacs which was earlier treate...