The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that amounts deposited under protest during excise proceedings cannot be treated as “duty” and must be refunded with interest at 12% per annum from the date of deposit, rather than at the statutory rate applicable to delayed duty refunds. In…
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Interest on Refund of Deposit Paid Under Protest Payable from Date of Deposit at 12%: CESTAT
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ 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 her career as a freelance tax reporter in the leading online legal news companies.
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