https://www.taxtmi.com/caselaws?id=335204 The Tribunal ruled in favor of the Appellant, holding that interest on refunded amounts was payable from the date of appropriation as claimed by the Appellant until the date of payment following the de novo Orders. The Tribunal emphasized that interest accrues if the refund is not sanctioned within three months from the date of filing the claim, rejecting the Revenue's argument that interest was only due post re-quantification. The impugned Orders were set aside, and the appeals were allowed, granting interest on the refunded amounts in accordance with Section 11BB of the Central Excise Act, 1944. en-us Mon, 31 Oct 2016 00:00:00 +0530 Mon, 28 Nov 2016 12:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335204 The Tribunal ruled in favor of the Appellant, holding that interest on refunded amounts was payable from the date of appropriation as claimed by the Appellant until the date of payment following the de novo Orders. The Tribunal emphasized that interest accrues if the refund is not sanctioned within three months from the date of filing the claim, rejecting the Revenue's argument that interest was only due post re-quantification. The impugned Orders were set aside, and the appeals were allowed, granting interest on the refunded amounts in accordance with Section 11BB of the Central Excise Act, 1944. Case-Laws Central Excise Mon, 31 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335204