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2013 (9) TMI 849 - HC - Central ExciseInterest on delayed amount - Refund claim - delay in granting refund of more than 9 years - Held that:- chart shows that different rates of interest were prescribed by the Central Government from time to time. Copy of the said chart was handed over to respondents who could not dispute it. We, therefore, hold that in view of Section 11BB, the petitioner is entitled to get interest for the delayed refund amount - Two months time is allowed to the respondents to calculate and pay the interest on the refunded amount to the petitioner. The petitioner will be entitled for interest for the period 10th February, 2001 (which is three months from the date of application) to 20th August, 2010, the date on which the amount was refund - Decided in favor of assessee.
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