Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2015 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (12) TMI 1054 - HC - Central ExciseInterest claim - Delayed refund claim - Whether in the facts and circumstance of the case, was the Tribunal right in law in allowing interest on delayed sanctioned of refund from the date of refund application, under Section 11BB of the Central Excise Act, 1944 - Held that:- We has perused a decision of the Hon’ble Supreme Court in the case of Ranbaxy Pharmaceuticals Limited v. Union of India, [2011 (10) TMI 16 - Supreme Court of India ] by which it has been held by the Honourable Supreme Court that the law to pay the interest commences from the date of expiry of three months from the date of receipt of application and not from the decision. In our view, the issue has been covered by the above decision and therefore we are of the opinion that the Tribunal has not committed any error in deciding the issue in favour of the respondents who had applied for the refund of excise duty - Decided against Revenue.
|