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2022 (5) TMI 710 - AT - Central ExciseDenial of interest on refund granted to the appellant - refund of the credit of SED taken by them paid on inputs received from EOU - whether refund was granted within the three months when it was decided, or not - HELD THAT:- Irrespective of the disputes that arise after the filing of refund claim, the appellant became entitled to interest from after three months of filing of original refund claim. Reliance placed in the case of RANBAXY LABORATORIES LTD. VERSUS UNION OF INDIA AND ORS. [2011 (10) TMI 16 - SUPREME COURT] where it was held that the only interpretation of Section 11BB that can be arrived at is that interest under the said Section becomes payable on the expiry of a period of three months from the date of receipt of the application under sub-section (1) of Section 11B of the Act and that the said Explanation does not have any bearing or connection with the date from which interest under Section 11BB of the Act becomes payable. Appeal allowed - decided in favor of appellant.
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