https://www.taxtmi.com/caselaws?id=124143 Interest on sanctioned refund under Section 11BB of the Central Excise Act becomes payable from the expiry of three months after receipt of the refund application, and that liability follows by operation of law even if the claim was earlier litigated. Where the refund is ultimately sanctioned after that statutory period, prior rejection does not displace the interest consequence. A final appellate order granting refund, once unchallenged and final, must be given full effect, and it cannot be disturbed on the basis of the non-retrospective application of a Board circular. The assessee obtained interest, while the Revenue's challenge to the refund failed. en-us Wed, 30 Jul 2008 00:00:00 +0530 Wed, 26 Sep 2012 10:17:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124143 Interest on sanctioned refund under Section 11BB of the Central Excise Act becomes payable from the expiry of three months after receipt of the refund application, and that liability follows by operation of law even if the claim was earlier litigated. Where the refund is ultimately sanctioned after that statutory period, prior rejection does not displace the interest consequence. A final appellate order granting refund, once unchallenged and final, must be given full effect, and it cannot be disturbed on the basis of the non-retrospective application of a Board circular. The assessee obtained interest, while the Revenue's challenge to the refund failed. Case-Laws Central Excise Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124143