https://www.taxtmi.com/caselaws?id=192483 The CESTAT allowed the appeal, leading to the refund of a significant amount for the appellant. The appellant sought interest on the delayed sanction of the refund claim, arguing that interest is due from three months after the refund application date until the final sanction, as per legal precedents. The respondent contended that the refund was sanctioned within the stipulated time under Section 11B. However, the presiding member referred to legal interpretations and ruled in favor of the appellant, emphasizing the application date for interest calculation. The appeal was allowed with consequential relief, consistent with established legal principles. en-us Sun, 27 Mar 2016 00:00:00 +0530 Sat, 03 Jun 2017 09:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192483 The CESTAT allowed the appeal, leading to the refund of a significant amount for the appellant. The appellant sought interest on the delayed sanction of the refund claim, arguing that interest is due from three months after the refund application date until the final sanction, as per legal precedents. The respondent contended that the refund was sanctioned within the stipulated time under Section 11B. However, the presiding member referred to legal interpretations and ruled in favor of the appellant, emphasizing the application date for interest calculation. The appeal was allowed with consequential relief, consistent with established legal principles. Case-Laws Central Excise Sun, 27 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192483