Relief for Yamaha: CESTAT Orders Full Interest on Erroneous NCCD Deposit Refund [Read Order]
The CESTAT granted interest on the entire NCCD refund, recognizing it as an unlawful deposit and applying the principle of restitution.
By Kavi Priya - On May 29, 2025 2:05 pm - 3 mins read
The Allahabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) granted full relief to India Yamaha Motor Private Limited by ordering interest on the entire amount of refund arising from an erroneous deposit of National Calamity Contingent Duty (NCCD), holding that the government cannot unjustly retain taxpayer funds. India Yamaha Motor Private…
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