https://www.taxtmi.com/caselaws?id=114297 The Supreme Court ruled in favor of M/s. Steel Strips Ltd. in their refund claim for duty paid on cold rolling activity, holding that the process did not amount to manufacture. The Court ordered interest to be paid to M/s. Steel Strips Ltd. from a specified date, despite the Revenue's argument against interest payment based on Section 11BB of the Central Excise Act. The Tribunal affirmed the decision, emphasizing that interest rights on delayed refunds were introduced in 1995 and that interest should be granted due to delays caused by the Revenue in processing the refund claim. en-us Sat, 03 Apr 2004 00:00:00 +0530 Mon, 14 May 2012 15:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114297 The Supreme Court ruled in favor of M/s. Steel Strips Ltd. in their refund claim for duty paid on cold rolling activity, holding that the process did not amount to manufacture. The Court ordered interest to be paid to M/s. Steel Strips Ltd. from a specified date, despite the Revenue's argument against interest payment based on Section 11BB of the Central Excise Act. The Tribunal affirmed the decision, emphasizing that interest rights on delayed refunds were introduced in 1995 and that interest should be granted due to delays caused by the Revenue in processing the refund claim. Case-Laws Central Excise Sat, 03 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114297