https://www.taxtmi.com/caselaws?id=381426 The Appellate Tribunal CESTAT KOLKATA upheld the Commissioner (Appeals) decision to allow interest on delayed refund payments claimed under Notification No. 33/99-CE by the Respondent, a unit availing benefits under the Area Based Exemption Scheme. The Tribunal relied on a precedent set by the Guwahati High Court, emphasizing that interest under Section 11BB of the Central Excise Act is payable for delayed refunds covered by area-based exemption notifications. The Revenue's appeal challenging the interest payment was rejected, affirming the entitlement to interest on delayed refund payments beyond three months for manufacturers under duty exemption schemes. en-us Tue, 26 Mar 2019 00:00:00 +0530 Wed, 12 Jun 2019 05:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381426 The Appellate Tribunal CESTAT KOLKATA upheld the Commissioner (Appeals) decision to allow interest on delayed refund payments claimed under Notification No. 33/99-CE by the Respondent, a unit availing benefits under the Area Based Exemption Scheme. The Tribunal relied on a precedent set by the Guwahati High Court, emphasizing that interest under Section 11BB of the Central Excise Act is payable for delayed refunds covered by area-based exemption notifications. The Revenue's appeal challenging the interest payment was rejected, affirming the entitlement to interest on delayed refund payments beyond three months for manufacturers under duty exemption schemes. Case-Laws Central Excise Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381426