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Interest of refund on penalty is not admissible under Section 11BB
Case Law Details
- Case Name
- Bundy India Limited Vs C.C.E. & S.T. (CESTAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Ahmedabad
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Bundy India Limited Vs C.C.E. & S.T. (CESTAT Ahmedabad)
Hon’ble Apex Court in the case of CORONATION SPINNING INDIA (Supra) has held that interest of refund on penalty is not admissible under Section 11BB. As a result I do not find the appellants are entitled to any refund of interest on penalty amount under Section 11BB. As regard, the appellant’s contention that the revenue cannot recover the same, as no demand show cause notice has been issued. I find that the said issue cannot be decided in the present proceedings.
FULL TEXT OF THE CESTAT JUDGEMENT
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