13Apr
Refund of excess interest paid
Posted by NK
Dear Sir, Due to calculation mistake, we have made an excess interest payment than the actual. This had done almost 4 months back. In this regard, kindly guide me by informing the Excise Rule/Section and forms to be used to apply for the refund of Excess interest paid. Rgds, NK
The procedure for refund of excess duty of excise and interest paid as prescribed under section 11B of CEA 1944 may be applied for the refund of excess interest paid also.