https://www.taxtmi.com/caselaws?id=210769 The High Court held that the encashment of the bank guarantee after the duty determination constituted duty paid, making the refunded amount eligible for interest under Section 11BB of the Central Excise Act. The appellant was entitled to interest at 12% per annum on the refunded amount after three months from the date of the application under Section 11B(1), subject to the conditions specified under Section 11BB. en-us Fri, 12 Aug 2011 00:00:00 +0530 Fri, 12 Oct 2012 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210769 The High Court held that the encashment of the bank guarantee after the duty determination constituted duty paid, making the refunded amount eligible for interest under Section 11BB of the Central Excise Act. The appellant was entitled to interest at 12% per annum on the refunded amount after three months from the date of the application under Section 11B(1), subject to the conditions specified under Section 11BB. Case-Laws Central Excise Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210769