https://www.taxtmi.com/caselaws?id=2700 The Court upheld the decision of CESTAT, Chennai to allow interest on the belated refund of unutilized credit on input duty for two textile processing companies. The Court found that the companies were entitled to interest under Section 11BB of the Central Excise Act as the refund was sanctioned beyond the prescribed three-month period. The appeals by the Department were dismissed, affirming the entitlement of the companies to interest on the delayed refund in accordance with the statutory provisions. en-us Thu, 27 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2700 The Court upheld the decision of CESTAT, Chennai to allow interest on the belated refund of unutilized credit on input duty for two textile processing companies. The Court found that the companies were entitled to interest under Section 11BB of the Central Excise Act as the refund was sanctioned beyond the prescribed three-month period. The appeals by the Department were dismissed, affirming the entitlement of the companies to interest on the delayed refund in accordance with the statutory provisions. Case-Laws Central Excise Thu, 27 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2700