Interest payable after three months from the date refund of pre-deposit amount becomes due

Bata India Ltd Vs Commissioner Central Excise (Punjab and Haryana High Court) Punjab and Haryana High Court held that the department is liable to make payment of interest after the expiry of three months from the date the refund of pre-deposit amount becomes due. Facts- The Commissioner Central Excise had confirmed a demand of Rs.89,77,064/- and imposed a penalty of Rs.1,00,00,000/- on the appellant. The Tribunal while disposing of the interim stay application in the said case, directed the appellant to deposit a pre-deposit of Rs.20,00,000/- u/s. 35F of the Act. Later on, the Tribunal allowed...