Iinterest on delayed refund of Excise duty under excise exemption scheme

M.K Jokai Agri Plantations (P) Ltd Vs Union of India (Gauhati High Court) The pleaded case of the petitioner is that the Government of India by the ‘North East Industrial Policy’ (NEIP), 1997 announced a new package of fiscal incentives and other concessions for the North East region by the said policy. The various incentives announced and promised for the new Industrial Units as well as the Industrial Units undergoing substantial expansions were with effect from 01.04.1997. As per the said Notification No. 33/99-CE dated:- 08.07.1999 all Industrial Units existing before 24.12.1997...