https://www.taxtmi.com/caselaws?id=121456 The Tribunal upheld the Commissioner (Appeals) decision allowing the respondent credit amounting to Rs. 1,83,69,451 under Rule 57Q for imported capital goods. Additionally, the Tribunal ruled in favor of the respondents, awarding interest of Rs. 1,12,86,426 under Section 11BB for delayed refund processing, rejecting the Revenue's argument that interest is not payable if the refund is granted within three months. The Tribunal determined that Section 11BB applies to the refund of erroneously reversed credit, entitling the respondents to interest as per the provision, ultimately dismissing the Revenue's appeal. en-us Mon, 11 Dec 2006 00:00:00 +0530 Mon, 30 Jul 2012 17:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121456 The Tribunal upheld the Commissioner (Appeals) decision allowing the respondent credit amounting to Rs. 1,83,69,451 under Rule 57Q for imported capital goods. Additionally, the Tribunal ruled in favor of the respondents, awarding interest of Rs. 1,12,86,426 under Section 11BB for delayed refund processing, rejecting the Revenue's argument that interest is not payable if the refund is granted within three months. The Tribunal determined that Section 11BB applies to the refund of erroneously reversed credit, entitling the respondents to interest as per the provision, ultimately dismissing the Revenue's appeal. Case-Laws Central Excise Mon, 11 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121456