CESTAT Rules Denial of Interest on Cenvat Credit Refund After 3 Months Not Legal

Shakti Pumps (India) Ltd. Vs Commissioner of Central Goods & Service (CESTAT Delhi) The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Delhi recently addressed a critical issue concerning the entitlement to interest on a refund. The case in question, Shakti Pumps (India) Ltd. vs. Commissioner of Central Goods & Service, revolves around the denial of interest on a refund of Cenvat Credit. In this comprehensive analysis, we delve into the details of the case, the legal framework, and the tribunal’s decision. 1. The Issue at Hand The central issue in this case pertains...