Allahabad HC upholds 12% interest on refund of revenue deposits retained for over 2 decades

Principal Commissioner Central Goods And Service Tax Vs Parle Agro Private Limited (Allahabad High Court) Allahabad HC upholds 12% interest on refund of revenue deposits retained for over two decades in the matter of Principal Commissioner, CGST v. M/s. Parle Agro Pvt. Ltd. in Central Excise Appeal No. 18 of 2021 The Hon’ble Allahabad High Court, in the case of Principal Commissioner, CGST v. M/s. Parle Agro Pvt. Ltd. [Central Excise Appeal No. 18 of 2021], dismissed the Revenue’s appeal challenging the grant of interest to the assessee (Respondent) i.e. Parle Agro Pvt. Ltd. from the d...