Interest eligible on Refund of Excise Duty Deposit under protest: Meghalaya HC

Principal Commissioner of Central Goods and Service Tax Vs Green Valliey Industries Pvt Ltd (Meghalaya High Court) Introduction: In a significant ruling, the Meghalaya High Court has addressed the issue of whether an assessee is entitled to claim interest on the refund of a deposit made “under protest” during an investigation. While Section 11B of the Central Excise Act, 1944 does not explicitly provide for interest on such refunds, the court examined the circumstances of the case to determine whether the assessee’s claim for interest was justified. Analysis: The case involve...