Interest amount not held as payable under SVLDR Scheme is to be refunded back

Capital Ispat Ltd. Vs Commissioner (CESTAT Delhi)

CESTAT Delhi held that amount deposited prior to adjudication but not held as payable under SVLDR Scheme is liable to be refunded back to the appellant.

Facts- During the course of adjudication proceedings, the appellant had deposited INR 17,38,023/- towards interest. However, post introduction of ‘Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019’ the interest of INR 17,38,023/- was not required to be paid and hence it was ordered that the said amount cannot be considered towards duty payment.

Accordingly, the appellant filed the refund claim of the said amount. However, the same was rejected by the Adjudicating Authority.
Being aggrieved, the appellant is before the Tribunal.

Please become a Premium member. If you are already a Premium member, login here to access the full content.