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2010 (2) TMI 445 - CESTAT BANGALOREInterest on delayed refund - Relevant date - the appellants are manufactures of lead acid batteries falling under Chapter heading 85 of CETA, 1985. Amount paid during March, 2003 to June, 2004 on directions of revenue claimed as refund by assessee only on 12.07.2005. As per Commissioner (Appeals) order, interest payable for period beyond three months from date of filing of refund claim. Assessee contended that interest ought to have been granted from date of payment of amount by assessee. Held that - as per section 11BB of Act, authority allowed to process such claim and sanction same within three months failing which liable to pay interest. Refund claim sanctioned on 1.4.2006. No reason to interfere with Commissioner (Appeals) order.
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