https://www.taxtmi.com/caselaws?id=269750 Interest on delayed excise refund under Section 11BB of the Central Excise Act, 1944 accrues from the expiry of three months from the date of receipt of the refund application, not from the date on which the refund claim is decided. The Gujarat HC followed the Supreme Court's ruling in Ranbaxy Pharmaceuticals Limited and upheld the Tribunal's view that the statutory liability to pay interest starts after the three-month period. The Revenue's challenge therefore failed. en-us Thu, 30 Jul 2015 00:00:00 +0530 Tue, 10 May 2016 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269750 Interest on delayed excise refund under Section 11BB of the Central Excise Act, 1944 accrues from the expiry of three months from the date of receipt of the refund application, not from the date on which the refund claim is decided. The Gujarat HC followed the Supreme Court's ruling in Ranbaxy Pharmaceuticals Limited and upheld the Tribunal's view that the statutory liability to pay interest starts after the three-month period. The Revenue's challenge therefore failed. Case-Laws Central Excise Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269750