https://www.taxtmi.com/caselaws?id=77363 Delayed refund of a pre-deposit attracts interest after the statutory three-month grace period and until actual payment; the assessee was therefore held entitled to interest for the delay period. A further claim for interest on the interest amount was also allowed because the relief was supported by binding Supreme Court precedent. The result is that delayed refund of the pre-deposit carries consequential interest, and interest on interest may be granted where the governing precedent permits such recovery. en-us Wed, 18 Nov 2009 00:00:00 +0530 Thu, 09 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77363 Delayed refund of a pre-deposit attracts interest after the statutory three-month grace period and until actual payment; the assessee was therefore held entitled to interest for the delay period. A further claim for interest on the interest amount was also allowed because the relief was supported by binding Supreme Court precedent. The result is that delayed refund of the pre-deposit carries consequential interest, and interest on interest may be granted where the governing precedent permits such recovery. Case-Laws Central Excise Wed, 18 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77363