Tribunal has no Jurisdiction to Prescribe Rate of Interest which is Prescribed by Government of India in terms of Notification issued u/s 11BB of Central Excise Act: CESTAT [Read Order]

By Kalyani B. Nair - On August 21, 2023 4:00 pm - 2 mins read
Tribunal - Prescribe Rate of Interest - Jurisdiction - Rate of Interest - Government of India - Notification issued - Notification - Central Excise Act - Central Excise - CESTAT - Taxscan

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that the Tribunal has no jurisdiction to prescribe rate of interest which is prescribed by Government of India in terms of Notification issued under Section 11BB of Central Excise Act,1944. The appellant, M/s Jalan Castings Pvt. Ltd, has opted to carry…

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