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2015 (1) TMI 269 - AT - Central ExciseDelay in sanctioning of refund claim - Interest on refund claim - Whether appellant is eligible to interest under Section 11BB of the Central Excise Act 1944, on the sanctioned and paid refund claim starting from three months from the date of making refund application to the payment of refund amount - Held that:- In view of the law laid down by the Hon'ble Apex Court in Ranbaxy Laboratories Ltd Vs UoI [2011 (10) TMI 16 - Supreme Court of India] and the provisions of Section 11BB, there is no provision under Section 11BB of the Central Excise Act 1944 that relevant date for determining the rate of interest will be postponed in any eventuality. As per these provisions, interest payment accrues from the expiry of three months from the date of refund applications made under Section 11B(1) of the Central Excise Act 1944. - Decided in favour of assesse.
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