https://www.taxtmi.com/caselaws?id=377075 The High Court upheld the obligation to pay interest under Section 11BB for delayed refunds of unutilized CENVAT credit, rejecting the revenue's argument that it only applies to excess duty paid or collected. The Court emphasized the statutory requirement to pay interest even for unutilized credit refunds, in line with precedents and statutory provisions. The appeals were dismissed, with no substantial questions for consideration. en-us Fri, 01 Mar 2019 00:00:00 +0530 Sat, 31 Aug 2019 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377075 The High Court upheld the obligation to pay interest under Section 11BB for delayed refunds of unutilized CENVAT credit, rejecting the revenue's argument that it only applies to excess duty paid or collected. The Court emphasized the statutory requirement to pay interest even for unutilized credit refunds, in line with precedents and statutory provisions. The appeals were dismissed, with no substantial questions for consideration. Case-Laws Central Excise Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377075