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2019 (12) TMI 715 - AT - Central ExciseInterest on delayed refund - relevant date for calculation of interest - appellant is seeking interest from the date of deposit of duty whereas the Revenue is of the view that the appellant is entitled to interest after the expiry of three months from the date of application i.e. from 24.05.2018 when the appellant moved application for refund after the decision of the Tribunal - Section 11BB of CEA - Board Circular No. 670/61/2002-CX dated 01.10.2002 - HELD THAT:- In view of the law laid down by the Ranbaxy Laboratories Ltd. [ 2011 (10) TMI 16 - SUPREME COURT ] which have been subsequently followed by various Benches of the Tribunal and the High Court, it can be held that the appellants are entitled to interest under Section 11BB of the Act commencing from the date of expiry of three months from the date of filing the refund application, which in the present case is 25.07.2006 which is admitted in the SCN itself. The appellant is entitled to interest after expiry of three months from 25.07.2006 till 21.12.2018 when the refund was sanctioned - Appeal disposed off.
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