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Issue ID : 1185
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Intrest on delayed paymet of refunds

Date 18 May 2009
Replies1 Answers
Views 1101 Views
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Intrest on delayed paynet of refunds we are getting. But the interest we got after delay of 3 years . Means our claim for interest on delayed payment of interest is permissioble to us or not as the interest on delayed payment is to be paid with in 3 months time.

Central Excise
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Replied on May 18, 2009
1. There is no provision for payment of interest on interest. Therefore, you would not get any amount of interest on delayed payment of interest.

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