High Court Orders Interest on 25-Year-Delayed Excise Refund to Haryana Power Utility
The Punjab and Haryana High Court has ordered the Centre to pay interest to Haryana Vidyut Prasaran Nigam Limited (HVPNL) on a delayed excise duty refund in a dispute dating back nearly 25 years. The court ruled that since the amount was deposited under protest and appellate decisions favoured the company, statutory interest must be paid.