https://www.taxtmi.com/caselaws?id=268018 Delayed release of a sanctioned rebate/refund attracts interest where the amount was not actually paid on time and was later released only after the High Court set aside the recovery and directed payment. The rebate had been appropriated against alleged dues during a period when the underlying demand was not stayed, but once that recovery was overturned and the amount was released, the delay became compensable. The Tribunal also applied its earlier decisions in the same matter, recognising the principle governing interest on delayed refund payments, and treated denial of interest as unsustainable. en-us Fri, 24 Apr 2015 00:00:00 +0530 Thu, 19 Nov 2015 06:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268018 Delayed release of a sanctioned rebate/refund attracts interest where the amount was not actually paid on time and was later released only after the High Court set aside the recovery and directed payment. The rebate had been appropriated against alleged dues during a period when the underlying demand was not stayed, but once that recovery was overturned and the amount was released, the delay became compensable. The Tribunal also applied its earlier decisions in the same matter, recognising the principle governing interest on delayed refund payments, and treated denial of interest as unsustainable. Case-Laws Central Excise Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268018