https://www.taxtmi.com/caselaws?id=388421 The Tribunal allowed the appeal, finding the Commissioner(Appeals)'s order unsustainable for denying interest on delayed refunds. Relying on legal precedents and the mandatory nature of interest payment under Section 11BB of the Central Excise Act, the Tribunal directed the calculation of interest from the expiry of the 3-month period till payment, in line with the Apex Court's ruling in Ranbaxy Laboratories Ltd. The appeal was disposed of in favor of the appellant, emphasizing the obligation to pay interest on delayed refunds. en-us Thu, 14 Nov 2019 00:00:00 +0530 Fri, 15 Nov 2019 11:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388421 The Tribunal allowed the appeal, finding the Commissioner(Appeals)'s order unsustainable for denying interest on delayed refunds. Relying on legal precedents and the mandatory nature of interest payment under Section 11BB of the Central Excise Act, the Tribunal directed the calculation of interest from the expiry of the 3-month period till payment, in line with the Apex Court's ruling in Ranbaxy Laboratories Ltd. The appeal was disposed of in favor of the appellant, emphasizing the obligation to pay interest on delayed refunds. Case-Laws Central Excise Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388421