https://www.taxtmi.com/caselaws?id=119279 Statutory interest on a delayed excise refund becomes payable under section 11BB once the refund is not granted within the prescribed period after the refund application, and the explanation treats a refund order passed by the Appellate Tribunal or court as an order under section 11B(2) for this purpose. Mere pendency of the Revenue's appeal does not suspend compliance with the refund order, and in the absence of a stay, withholding interest or issuing recovery proceedings for the refunded amount is not legally permissible. The applicant was therefore entitled to interest on the refunded sum, and payment was directed forthwith. en-us Fri, 28 Jul 2006 00:00:00 +0530 Tue, 10 Jul 2012 11:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119279 Statutory interest on a delayed excise refund becomes payable under section 11BB once the refund is not granted within the prescribed period after the refund application, and the explanation treats a refund order passed by the Appellate Tribunal or court as an order under section 11B(2) for this purpose. Mere pendency of the Revenue's appeal does not suspend compliance with the refund order, and in the absence of a stay, withholding interest or issuing recovery proceedings for the refunded amount is not legally permissible. The applicant was therefore entitled to interest on the refunded sum, and payment was directed forthwith. Case-Laws Central Excise Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119279