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2019 (5) TMI 1096 - AT - Central ExciseInterest on delayed refund of Interest - HELD THAT:- Only because there is no provision for interest on refund of delayed interest that does not mean that there is any bar or prohibition for granting the same. Hon’ble Supreme Court in the matter of Ranbaxy Laboratories Ltd. [2011 (10) TMI 16 - SUPREME COURT] held that the Appellant is entitle to claim interest after three months from the date of filing of refund claim till its realisation. Since again there was inordinate delay in refund of interest to the Appellant therefore the Appellant has to file another refund claim for refund of interest of ₹ 6,84,274/- for delay in refunding the interest to the Appellant on the ground that the interest on delayed refund was immediately payable alongwith the refund amount on 02.08.2012 but was actually paid on 16.07.2015. The prayer of the Appellant for grant of interest on delayed payment of interest is allowed - Appeal allowed - decided in favor of appellant.
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