https://www.taxtmi.com/caselaws?id=128271 Interest on a sanctioned refund under Rule 173-L was not treated as an ordinary delayed refund claim because sanction was contingent on reversal of the related Cenvat credit. The general Section 11BB principle that interest accrues after three months from receipt of the refund application was acknowledged, but the refundable amount remained partly linked to the unpaid credit reversal until the reversal date. As a result, interest was not allowed on the entire refund from the original three-month period, nor denied altogether up to the reversal date; it was confined to the refunded amount as it stood before reversal and then became payable on the full refund only from the date the credit was reversed. en-us Wed, 29 Jul 2009 00:00:00 +0530 Sat, 30 Mar 2013 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128271 Interest on a sanctioned refund under Rule 173-L was not treated as an ordinary delayed refund claim because sanction was contingent on reversal of the related Cenvat credit. The general Section 11BB principle that interest accrues after three months from receipt of the refund application was acknowledged, but the refundable amount remained partly linked to the unpaid credit reversal until the reversal date. As a result, interest was not allowed on the entire refund from the original three-month period, nor denied altogether up to the reversal date; it was confined to the refunded amount as it stood before reversal and then became payable on the full refund only from the date the credit was reversed. Case-Laws Central Excise Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128271