Setback for J.K. Cements: CESTAT Denies Interest on Cenvat Refund, Sanctioned Within Three Months [Read Order]
The tribunal further observed that the assessee’s reliance on previous case laws, which involved deposits made during investigations, was not applicable in this case
The Delhi Bench of Customs,Excise and Service Tax Appellate Tribunal(CESTAT) ruled against J.K. Cements’ claim for interest on a Cenvat refund, stating that since the refund was processed within three months and the reversal of Cenvat credit was considered an appropriation towards duty rather than a deposit under protest, no interest was payable under Section…
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