Rule 8(3) Ultra Vires to 11AB (1) of Central Excise Act: Punjab & Haryana HC Allows Refund of Excessive Interest [Read Order]
The court directed the department to refund the amount kept by the department as an excess along with 6% interest per annum from the date the same was deposited erroneously.
In a recent case, the Punjab And Haryana High Court has held that Rule 8(3) ultra vires to section 11AB(1) of Central Excise Act, 1944 . The court directed the department to refund the amount kept by the department as an excess along with 6% interest per annum from the date the same was deposited…
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