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of <h1>Interest on Delayed Excise Refunds: Automatic Payment Required Beyond Three Months, Per Section 11BB. Officers Urged to Act Promptly.</h1> The circular addresses the issue of non-payment of interest on refund or rebate claims under the Central Excise Act, 1944, when sanctioned beyond three months. It highlights that interest must be paid automatically if claims are delayed, as per section 11BB. The Board has received complaints about non-payment and notes that reasons provided for delays are often vague. It emphasizes that Central Excise Officers should not wait for higher instructions to grant interest and calls for a monitoring mechanism to ensure timely claim processing. The circular mandates adherence to legal provisions for paying interest if delays occur.
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