https://www.taxtmi.com/caselaws?id=384835 The Appellate Tribunal CESTAT Hyderabad, in a case involving a dispute over interest payment under Sec.11BB of the Central Excise Act, ruled in favor of the appellant. The Tribunal overturned the decision of the first appellate authority and held that interest must be paid in cases of delayed refund payments, as per the precedent set by the Supreme Court. The appellant was deemed entitled to interest from three months after the date of the refund application until the actual payment date. The decision rectified the error in the initial denial of interest and ensured the appellant received the appropriate amount. en-us Fri, 05 Apr 2019 00:00:00 +0530 Mon, 26 Aug 2019 06:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384835 The Appellate Tribunal CESTAT Hyderabad, in a case involving a dispute over interest payment under Sec.11BB of the Central Excise Act, ruled in favor of the appellant. The Tribunal overturned the decision of the first appellate authority and held that interest must be paid in cases of delayed refund payments, as per the precedent set by the Supreme Court. The appellant was deemed entitled to interest from three months after the date of the refund application until the actual payment date. The decision rectified the error in the initial denial of interest and ensured the appellant received the appropriate amount. Case-Laws Service Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384835