https://www.taxtmi.com/caselaws?id=249843 The High Court held that the petitioner was entitled to interest on delayed refunds under Section 11B of the Central Excise Act, 1944. Interest at 8% should be granted from three months after the initial rejection date until the refund amount, aligning with the principle of compensating for extended processing time and ensuring fair treatment for claimants seeking refunds. The Court emphasized the entitlement to interest on delayed refunds and directed the grant of interest on the refund amount from the specified timeline, overturning the rejection by the Assistant Commissioner, Central Excise. en-us Wed, 09 Jul 2014 00:00:00 +0530 Tue, 25 Nov 2014 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249843 The High Court held that the petitioner was entitled to interest on delayed refunds under Section 11B of the Central Excise Act, 1944. Interest at 8% should be granted from three months after the initial rejection date until the refund amount, aligning with the principle of compensating for extended processing time and ensuring fair treatment for claimants seeking refunds. The Court emphasized the entitlement to interest on delayed refunds and directed the grant of interest on the refund amount from the specified timeline, overturning the rejection by the Assistant Commissioner, Central Excise. Case-Laws Central Excise Wed, 09 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249843