HomeIndirect TaxesDept. To Pay 12% Interest on Refund of Unjustly Retained Pre-Deposit: CESTAT

Dept. To Pay 12% Interest on Refund of Unjustly Retained Pre-Deposit: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad, has held that an assessee is entitled to interest at 12% per annum on the refund of pre-deposit amounts from the date of deposit till the date of refund, even where such deposits were made prior to the 2014 amendment to Section 35FF of the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.

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