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2016 (12) TMI 842 - AT - Central ExciseEntitlement to interest - Section 11BB of Central Excise Act, 1944 - period for calculation of interest - Held that: - The provisions of Section 11BB of Central Excise Act, 1944 are very clear that wherever the refund is due to the assessee and the applicant assessee is not refunded the said refund from the date of receipt of application, the applicant is to be paid interest at the prescribed rate from the date immediately after the expiry of three months from the date of receipt of application till the date of payment of refund . Hon ble Supreme Court in the case of Ranbaxy Laboratories Ltd. Vs. Union of India [2011 (10) TMI 16 - Supreme Court of India] further makes it clear that the assesse would be entitled to the interest on the amount of refund if it is granted after the expiry of three months from the relevant date i.e. for the period after the expiry of 3 month period, till the date of granting of refund. Appeal dismissed - decided against Revenue.
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