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of <h1>Liability to pay interest on belated payment starts three months after commencement of Section 11BB</h1> <h3>UP. Twiga Fiber Glass Ltd. Versus Union Of India</h3> The SC held that liability to pay interest on belated payment commences from the date three months after the commencement of Section 11BB, irrespective of ... Interest on belated payment of interest - relevant date - Held that:- In our view the law laid down by the Rajasthan High Court succinctly in the case of J.K. Cement Works v. Assistant Commissioner of Central Excise & Customs [2004 (2) TMI 78 - RAJASTHAN HIGH COURT] held that - non-payment within three months from the date of the commencement of Section 11BB brings in the starting point of liability to pay interest, notwithstanding the date on which decision has been rendered by the competent authority as to whether the amount is to be transferred to Welfare Fund or to be paid to the applicant needs no interference. SLP dismissed. The Supreme Court dismissed the special leave petition, citing the law laid down by the Rajasthan High Court regarding the payment of interest on belated refunds under Section 11BB. The relevant date for determining the liability to pay interest is the date of the application claiming the refund, not the date of the decision on the refund transfer. No costs were awarded.
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