https://www.taxtmi.com/caselaws?id=115996 The appeal was dismissed, upholding the decision of the Commissioner (Appeals) to calculate interest on the delayed refund from 27-8-1995 in accordance with Section 11BB of the Central Excise Act. Interest was deemed payable as the refund was not granted within 3 months of the Finance Bill, 1995 receiving presidential assent on 26-5-1995. The case clarified that interest on delayed refunds should be calculated based on the legislative provision rather than the date of the original refund claim. en-us Wed, 20 Apr 2005 00:00:00 +0530 Wed, 06 Jun 2012 14:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115996 The appeal was dismissed, upholding the decision of the Commissioner (Appeals) to calculate interest on the delayed refund from 27-8-1995 in accordance with Section 11BB of the Central Excise Act. Interest was deemed payable as the refund was not granted within 3 months of the Finance Bill, 1995 receiving presidential assent on 26-5-1995. The case clarified that interest on delayed refunds should be calculated based on the legislative provision rather than the date of the original refund claim. Case-Laws Central Excise Wed, 20 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115996