https://www.taxtmi.com/caselaws?id=383764 The appeals were allowed, and the judgment set aside the order rejecting interest claims for delayed cash refund of accumulated CENVAT Credit under Rule 5 of the CENVAT Credit Rules, 2004. The Member (Judicial) held that interest is payable for delayed cash refunds under Section 11BB of the Central Excise Act, aligning with decisions from various High Courts. The case was remanded for quantification of the interest payable to the appellant, affirming the established legal principles on admissibility of interest on delayed cash refunds. en-us Mon, 08 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 04:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383764 The appeals were allowed, and the judgment set aside the order rejecting interest claims for delayed cash refund of accumulated CENVAT Credit under Rule 5 of the CENVAT Credit Rules, 2004. The Member (Judicial) held that interest is payable for delayed cash refunds under Section 11BB of the Central Excise Act, aligning with decisions from various High Courts. The case was remanded for quantification of the interest payable to the appellant, affirming the established legal principles on admissibility of interest on delayed cash refunds. Case-Laws Central Excise Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383764