https://www.taxtmi.com/caselaws?id=336197 The Appellate Tribunal CESTAT Kolkata ruled in a case regarding entitlement to interest on a delayed refund payment. The Tribunal upheld the Order-in-Appeal that found the assessee entitled to interest from the expiry of three months from the date of filing the refund application until the refund payment date. The Tribunal cited Section 11BB of the Central Excise Act, 1944 and a Supreme Court decision emphasizing that interest on a refund is payable if granted after three months from the relevant date. The Tribunal rejected the Revenue's appeal, affirming the assessee's entitlement to interest for the delay in refund payment. en-us Tue, 13 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 17:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336197 The Appellate Tribunal CESTAT Kolkata ruled in a case regarding entitlement to interest on a delayed refund payment. The Tribunal upheld the Order-in-Appeal that found the assessee entitled to interest from the expiry of three months from the date of filing the refund application until the refund payment date. The Tribunal cited Section 11BB of the Central Excise Act, 1944 and a Supreme Court decision emphasizing that interest on a refund is payable if granted after three months from the relevant date. The Tribunal rejected the Revenue's appeal, affirming the assessee's entitlement to interest for the delay in refund payment. Case-Laws Central Excise Tue, 13 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336197