TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delayed Excise Duty Refunds Entitle Applicants to Interest Under Section 11BB of the Central Excise Act, 1944.</h1> Section 11BB of the Central Excise Act, 1944 mandates that if a duty refund is not processed within three months from the receipt of an application, the applicant is entitled to interest on the delayed amount. The interest rate, set by the Central Government, ranges from five to thirty percent per annum. This interest applies from the day after the three-month period until the refund is made. Additionally, if a refund order is issued by higher authorities like the Commissioner (Appeals) or a court, it is considered an order under section 11B(2) for the purposes of this section.
TaxTMI 
