https://www.taxtmi.com/caselaws?id=234263 In writ jurisdiction, the Gujarat HC recognised that where excise refund had been sanctioned earlier but the statutory interest on that refund was itself wrongfully withheld for an inordinate period, the department could not escape liability merely because the statute did not expressly provide for "interest on interest." Treating the earlier revenue view as inapposite on the peculiar facts, the Court applied the later binding clarification and the legal position that interest runs from the date the refund became due. It therefore granted reasonable compensation by way of interest and directed simple interest at 9% per annum on the delayed interest amount for the relevant period. en-us Thu, 23 Aug 2012 00:00:00 +0530 Thu, 30 May 2013 07:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234263 In writ jurisdiction, the Gujarat HC recognised that where excise refund had been sanctioned earlier but the statutory interest on that refund was itself wrongfully withheld for an inordinate period, the department could not escape liability merely because the statute did not expressly provide for "interest on interest." Treating the earlier revenue view as inapposite on the peculiar facts, the Court applied the later binding clarification and the legal position that interest runs from the date the refund became due. It therefore granted reasonable compensation by way of interest and directed simple interest at 9% per annum on the delayed interest amount for the relevant period. Case-Laws Central Excise Thu, 23 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234263