https://www.taxtmi.com/caselaws?id=252889 Interest was payable on a belatedly sanctioned refund of service tax relating to services rendered to an SEZ unit under Notification No. 15/2009-ST. The refund mechanism was treated as implementing the exemption available to SEZ units, and the applicable Board circular required prompt processing of such claims. Delay in sanction therefore attracted the statutory consequence of interest. Section 11BB was applied on the basis that interest follows late refund even where the notification does not expressly provide for it, and the Rule 5 refund mechanism was treated as materially analogous to other refund provisions already recognised as attracting interest. en-us Tue, 21 Oct 2014 00:00:00 +0530 Thu, 06 Nov 2014 11:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252889 Interest was payable on a belatedly sanctioned refund of service tax relating to services rendered to an SEZ unit under Notification No. 15/2009-ST. The refund mechanism was treated as implementing the exemption available to SEZ units, and the applicable Board circular required prompt processing of such claims. Delay in sanction therefore attracted the statutory consequence of interest. Section 11BB was applied on the basis that interest follows late refund even where the notification does not expressly provide for it, and the Rule 5 refund mechanism was treated as materially analogous to other refund provisions already recognised as attracting interest. Case-Laws Service Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252889