Interest on delayed refunds: statutory interest must be paid automatically when refunds or rebates are sanctioned late. Statutory interest is payable automatically when a refund or rebate claim is sanctioned beyond the prescribed three month period; officers must grant interest at the notified rate without awaiting superior or appellate directions, and Commissioners must fix responsibility and implement monitoring to ensure timely disposal and compliance with the interest payment provision.
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Provisions expressly mentioned in the judgment/order text.
Interest on delayed refunds: statutory interest must be paid automatically when refunds or rebates are sanctioned late.
Statutory interest is payable automatically when a refund or rebate claim is sanctioned beyond the prescribed three month period; officers must grant interest at the notified rate without awaiting superior or appellate directions, and Commissioners must fix responsibility and implement monitoring to ensure timely disposal and compliance with the interest payment provision.
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