Case Law Details
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 to determining the relevant date from which the appellant (Shakti Pumps) is entitled to interest on a refund. This refund was sanctioned and disbursed on December 30, 2020. To fully grasp the case, it’s essential to understand the background and context of the dispute.
2. Appellant’s Background
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