Time bar applicable only to refund claims on amounts which were deposited under Section 35F of Central Excise Act
A two member bench of CESTAT approved appellant’s interest claim on the amount of refund sanctioned at the rate of 12% per annum from the date of the deposit of the amount till the date of refund thereof. During a search operation against the appellant(M/s. Raghuveer Metal Industries Limited), Revenue unearthed discrepancies at the factory…
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