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2018 (2) TMI 1064 - AT - CustomsInterest on delayed refunds - relevant date - Held that: - Similar issue came up before Hon’ble High Court of Gujarat in the case of Kamakshi Tradxim (India) Pvt. Ltd [2017 (4) TMI 223 - GUJARAT HIGH COURT] wherein their Lordships have followed the law laid down by the Apex Court in the case of Ranbaxy Laboratories Limited [2011 (10) TMI 16 - Supreme Court of India], where it was held that interest shall be payable on the expiry of a period of three months from the dte of receipt of the application under sub-section (1) of Section 11BB of the Act and not on the expiry of the said period from the date on which the order or refund is made. Lower authorities are directed to pay interest to appellant after 3 months from the date of filing of refund claims by the appellant till the date of actual refund paid to appellant - appeal allowed - decided in favor of appellant.
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