https://www.taxtmi.com/caselaws?id=327028 The Court granted the petition under Article 226, directing the payment of interest on a sum deposited under the Central Excise Act, 1944. The Court held that interest on delayed refund, as per Section 11BB(1) of the Act, was warranted in this case. Rejecting the Revenue's argument, the Court emphasized that once a refund is granted under Section 11B, the amount must be disbursed within the specified period. Interest at the rate of 6% per annum was awarded from the expiry of three months from the date of the refund application until the actual payment date. en-us Tue, 01 Mar 2016 00:00:00 +0530 Fri, 21 Oct 2016 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327028 The Court granted the petition under Article 226, directing the payment of interest on a sum deposited under the Central Excise Act, 1944. The Court held that interest on delayed refund, as per Section 11BB(1) of the Act, was warranted in this case. Rejecting the Revenue's argument, the Court emphasized that once a refund is granted under Section 11B, the amount must be disbursed within the specified period. Interest at the rate of 6% per annum was awarded from the expiry of three months from the date of the refund application until the actual payment date. Case-Laws Central Excise Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327028