Delayed refund of Service Tax: CESTAT directs to pay interest @ 12% [Read Order]
The Tribunal observed that the appellant is entitled to the interest on the amount of refund sanctioned at the rate of 12% to be calculated from the date of payment till the date of disbursement
The Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) directed to pay interest @ 12 % on the delayed refund of Service Tax. The Tribunal observed that the appellant is entitled to the interest on the amount of refund sanctioned at the rate of 12% to be calculated from the date of…
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