Interest on delayed refunds under Central Excise fixed, superseding earlier notification and establishing the legal rate. Fixes the statutory rate of interest payable on delayed excise refunds by invoking section 11BB of the Central Excises Act, 1944, prescribes the applicable annual interest rate for that provision, and supersedes the earlier Central Excise (Non Tariff) notification No. 22/95-Central Excise (N.T.), while saving things done or omitted before such supersession.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on delayed refunds under Central Excise fixed, superseding earlier notification and establishing the legal rate.
Fixes the statutory rate of interest payable on delayed excise refunds by invoking section 11BB of the Central Excises Act, 1944, prescribes the applicable annual interest rate for that provision, and supersedes the earlier Central Excise (Non Tariff) notification No. 22/95-Central Excise (N.T.), while saving things done or omitted before such supersession.
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