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2019 (5) TMI 208 - AT - Central ExciseInterest on delayed refunds - relevant date for calculation of interest - Section 11BB in the Central Excise Act, 1944 - HELD THAT:- A plain reading of the section shows that date for reckoning the interest is the date of application in case of applications filed post Finance Act, 1995 and three months from the date of presidential assent to this Act for refund applications filed prior to Finance Act, 1995 - In this case, the application was filed in 1992 and therefore with effect from 25.08.1995 interest has to be paid. The appellant shall be paid interest from 25.08.1995 upto the date on which he has been paid the refund - appeal allowed - decided in favor of appellant.
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