https://www.taxtmi.com/caselaws?id=265756 The Tribunal upheld the entitlement of the assessee to interest on the refund under Section 11B read with 11BB of the Central Excise Act. Relying on the Supreme Court precedent in Ranbaxy Laboratories Limited vs. Union of India, the Tribunal ruled that interest becomes payable after three months from the refund application date. Emphasizing strict construction of fiscal legislation, the Tribunal dismissed the Revenue's appeals and affirmed the Commissioner (Appeals)' decision to grant interest from three months after the refund application in 2008. en-us Mon, 13 Apr 2015 00:00:00 +0530 Thu, 15 Oct 2015 21:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265756 The Tribunal upheld the entitlement of the assessee to interest on the refund under Section 11B read with 11BB of the Central Excise Act. Relying on the Supreme Court precedent in Ranbaxy Laboratories Limited vs. Union of India, the Tribunal ruled that interest becomes payable after three months from the refund application date. Emphasizing strict construction of fiscal legislation, the Tribunal dismissed the Revenue's appeals and affirmed the Commissioner (Appeals)' decision to grant interest from three months after the refund application in 2008. Case-Laws Central Excise Mon, 13 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265756