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2018 (2) TMI 638 - AT - Central ExciseDemand of interest - relevant date - Section 11BB of the CEA - Held that: - CBEC has issued a Circular No.670/61/2002-CE dated 01.10.2002 wherein the specific directions were given for dealing with the issue of interest on delayed refund - it flows that if there is delay in sanctioning the refund claim then interest flows automatically and appellant is entitled for interest. There is no requirement to file a claim of interest by the appellant. It was not required by the appellant to claim interest as it flows automatically that while sanctioning refund, if same is not sanctioned within three months from the date of application of refund - appellant is entitled to claim interest after three months from the date of application for refund claim till its realisation. Appeal allowed - decided in favor of appellant.
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