https://www.taxtmi.com/caselaws?id=371329 Interest was payable on a belated excise duty refund because the refund entitlement had already been finally determined and the delay in payment was undisputed. The Court held that a fresh challenge to the refund or interest direction was unnecessary once liability had crystallised, and that interest could follow on equitable principles where money was wrongfully withheld. It also applied the statutory framework for delayed refunds, awarding 6% per annum from 06.08.1985 to 26.08.1995 under the Interest Act and, thereafter, interest under Section 11BB of the Central Excise Act, 1944 until 07.09.2009. en-us Thu, 25 Oct 2018 00:00:00 +0530 Mon, 03 Dec 2018 09:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371329 Interest was payable on a belated excise duty refund because the refund entitlement had already been finally determined and the delay in payment was undisputed. The Court held that a fresh challenge to the refund or interest direction was unnecessary once liability had crystallised, and that interest could follow on equitable principles where money was wrongfully withheld. It also applied the statutory framework for delayed refunds, awarding 6% per annum from 06.08.1985 to 26.08.1995 under the Interest Act and, thereafter, interest under Section 11BB of the Central Excise Act, 1944 until 07.09.2009. Case-Laws Central Excise Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371329