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2012 (8) TMI 472 - AT - Central ExciseEntitlement of interest on delayed payment for sanction of refund of the rebate claim by the adjudicating authority - revenue contending that appeal regarding rebate claim is not maintainable before this Tribunal - Held that:- Since it is a case of interest on rebate claim and the same is maintainable before this Tribunal. Further, Supreme Court held in case of Ranbaxy Laboratories Ltd. Vs. UOI (2011 (10) TMI 16 - SUPREME COURT OF INDIA) that interest has to be paid on delayed sanction of refund claim after three months of the date of filing of the refund claim. Therefore, the issue is no more res integra. The appellants are entitled for interest on delayed sanction of rebate claim. Appeal allowed in favor of assessee.
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