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CESTAT Chandigarh allows 12% Interest on Excise duty Refund
Case Law Details
- Case Name
- Fujikawa Power Vs CCE & ST (CESTAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Chandigarh
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Fujikawa Power Vs CCE & ST (CESTAT Chandigarh)
In a landmark decision, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chandigarh has ruled in favor of Fujikawa Power against the Commissioner of Central Excise & Service Tax (CCE & ST), granting an annual interest rate of 12% on excise duty refunds. This case, which revolves around the delayed refund of excise duty payments, underscores the rights of appellants to receive timely financial compensation.
Detailed Analysis: The appeals, stemming from two separate but related cases, challenge the rejection of interest ...
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