https://www.taxtmi.com/caselaws?id=349960 The Tribunal upheld the Commissioner (Appeals)'s decision that interest on delayed refund should be calculated as per Section 11BB of the Central Excise Act, from the expiry of three months from the refund application to the refund date. The appellant's argument for interest from the date of deposit of the disputed amount was rejected due to the absence of statutory mandates. The Tribunal emphasized that interest is only payable for the 25-day delay in refund sanction, dismissing the appeal and affirming the impugned order. en-us Mon, 11 Sep 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349960 The Tribunal upheld the Commissioner (Appeals)'s decision that interest on delayed refund should be calculated as per Section 11BB of the Central Excise Act, from the expiry of three months from the refund application to the refund date. The appellant's argument for interest from the date of deposit of the disputed amount was rejected due to the absence of statutory mandates. The Tribunal emphasized that interest is only payable for the 25-day delay in refund sanction, dismissing the appeal and affirming the impugned order. Case-Laws Central Excise Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349960