https://www.taxtmi.com/caselaws?id=272256 The SC ruled on interest entitlement for delayed refund under Section 11-BB, determining the relevant computation date. The case involved product classification and refund application defects. Following Ranbaxy Laboratories Limited precedent, the court held that revenue's liability to pay interest commences from expiry of three months from receipt of refund application under Section 11B(1), not from the refund order date. The court emphasized revenue's obligation to notify deficiencies within two days and complete adjudication within three months. The adjudicatory process cannot extend beyond this timeframe. The decision was against revenue, establishing that interest calculation begins from application receipt date regardless of subsequent rectification requirements or procedural delays in processing the refund claim. en-us Thu, 25 Feb 2016 00:00:00 +0530 Thu, 17 Jul 2025 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272256 The SC ruled on interest entitlement for delayed refund under Section 11-BB, determining the relevant computation date. The case involved product classification and refund application defects. Following Ranbaxy Laboratories Limited precedent, the court held that revenue's liability to pay interest commences from expiry of three months from receipt of refund application under Section 11B(1), not from the refund order date. The court emphasized revenue's obligation to notify deficiencies within two days and complete adjudication within three months. The adjudicatory process cannot extend beyond this timeframe. The decision was against revenue, establishing that interest calculation begins from application receipt date regardless of subsequent rectification requirements or procedural delays in processing the refund claim. Case-Laws Central Excise Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272256