Acceptance of Excess Service Tax Pre-Deposit: CESTAT Directs Revenue to Refund Accrued Interest to Yamaha [Read Order]

The Decision was pronounced by CESTAT in accordance with the erstwhile Central Excise Act, 1944
CESTAT - CESTAT Allahabad - Service Tax Pre-Deposit - Yamaha - Taxscan

The Allahabad Bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) in a recent matter upheld the right of an Appellant to receive accrued Interest on Pre-Deposit amount deposited with the Appellate Authority to permit filing of Appeal, notwithstanding the Appellate Authority’s breach of accepting a pre-deposit amount higher than the…

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