https://www.taxtmi.com/caselaws?id=285110 The HC ruled in favor of the petitioner, an industrial unit in Assam, granting entitlement to interest on delayed excise duty refunds under Section 11BB of the Central Excise Act, 1944. The court mandated the respondent to calculate and release the interest amount for the relevant periods within three months, following the precedent that interest is automatically applicable for refunds delayed beyond three months. The writ petition was disposed of in the petitioner's favor, underscoring the strict interpretation of fiscal legislation and the automatic applicability of interest provisions for delayed refunds. en-us Fri, 15 Mar 2019 00:00:00 +0530 Thu, 14 Nov 2024 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285110 The HC ruled in favor of the petitioner, an industrial unit in Assam, granting entitlement to interest on delayed excise duty refunds under Section 11BB of the Central Excise Act, 1944. The court mandated the respondent to calculate and release the interest amount for the relevant periods within three months, following the precedent that interest is automatically applicable for refunds delayed beyond three months. The writ petition was disposed of in the petitioner's favor, underscoring the strict interpretation of fiscal legislation and the automatic applicability of interest provisions for delayed refunds. Case-Laws Central Excise Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285110