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2019 (11) TMI 670 - AT - Central ExciseInterest on delayed refund - Section 11BB of the Central Excise Act - relevant time for calculation of interest - HELD THAT:- In the impugned order, no reasons have been given for not granting interest on the delayed refund. Further, it is found that admittedly, there is a delay in disbursal of the refund amount in the present case. Further, notwithstanding the fact that the sanctioned refund is merely belatedly paid but instead, first adjusted against some other demand and then later on disbursed to the assessee. Further, even the Board has clarified vide various circulars that the interest becomes payable after the expiry of a period of three months from the date of receipt of the application under sub-section 1 of Section 11BB of the Act. The original authority is directed to quantify the interest for the period after the expiry of 3 months from the date of filing the refund application till the amount is paid - appeal allowed - decided in favor of appellant.
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