Department is under statutory obligation to refund amount to Rayban Sun Optics with interest

Rayban Sun Optics India Pvt Ltd Vs Commissioner of Central Excise (Rajasthan High Court) Rajasthan High Court held that department is under a statutory obligation to refund the amount with interest @12% p.a.. Therefore, rejection of claim of refund vide order dated 04th January 2023, is unsustainable in the eye of law. Facts- The petitioner is engaged in manufacture of Sunglasses and Spectacle frames falling under Chapter 90 of the First Schedule to the Central Excise Tariff Act, 1985. Notably, it appears that petitioner had not reversed/deposited the CENVAT Credit involved in the inputs writt...