https://www.taxtmi.com/caselaws?id=280156 The Court dismissed the writ petition, ruling against the pharmaceutical company's claim for interest on delayed payment of rebate claims under Section 11BB of the Central Excise Act, 1944. The Court held that interest is payable only after three months from the refund application date, not from the deposit date, rejecting the petitioner's argument for equitable interest. Emphasizing the need for statutory provisions or agreements for interest awards, the Court found no merit in the petitioner's claim and did not award costs. en-us Fri, 18 Dec 2009 00:00:00 +0530 Tue, 23 Apr 2019 15:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280156 The Court dismissed the writ petition, ruling against the pharmaceutical company's claim for interest on delayed payment of rebate claims under Section 11BB of the Central Excise Act, 1944. The Court held that interest is payable only after three months from the refund application date, not from the deposit date, rejecting the petitioner's argument for equitable interest. Emphasizing the need for statutory provisions or agreements for interest awards, the Court found no merit in the petitioner's claim and did not award costs. Case-Laws Central Excise Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280156