https://www.taxtmi.com/caselaws?id=268612 The Tribunal ruled in favor of the appellant, granting them interest on the delayed refund claim under section 11BB of the Central Excise Act, 1944. Citing the Supreme Court's decision in Ranbaxy Laboratories Ltd., the Tribunal held that interest accrues after three months from the date of the refund claim, not from the refund order date. The appellant was awarded interest from the date of filing the claim until the refund was sanctioned. The decision highlighted the binding nature of Supreme Court precedents in India, affirming the appellant's entitlement to interest. en-us Thu, 22 Jan 2015 00:00:00 +0530 Sat, 28 Nov 2015 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268612 The Tribunal ruled in favor of the appellant, granting them interest on the delayed refund claim under section 11BB of the Central Excise Act, 1944. Citing the Supreme Court's decision in Ranbaxy Laboratories Ltd., the Tribunal held that interest accrues after three months from the date of the refund claim, not from the refund order date. The appellant was awarded interest from the date of filing the claim until the refund was sanctioned. The decision highlighted the binding nature of Supreme Court precedents in India, affirming the appellant's entitlement to interest. Case-Laws Service Tax Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268612