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<h1>Interest on delayed refunds accrues from expiry of the prescribed processing period until payment, at the notified rate.</h1> Interest on delayed refunds is payable when tax ordered refunded is not returned within the prescribed sixty day application processing period; interest accrues from the day after that period until actual refund, at a rate specified by government notification on the Council's recommendation. Orders of an Appellate Authority, Tribunal or Court against a proper officer's order are deemed equivalent for interest purposes.