https://www.taxtmi.com/caselaws?id=286248 The Court ruled in favor of the petitioner, a PanMasala manufacturer, in a case involving a delayed excise duty refund. The Court held that the petitioner was entitled to interest on the refunded excise duty under Section 11BB of the Central Excise Act, based on a precedent set by a Division Bench in a previous case. The Court directed the Excise Officer to determine the interest amount within three months and quashed the order denying interest. The judgment emphasized the importance of precedent in interpreting legal provisions and affirmed the petitioner's right to claim interest on delayed refunds. en-us Mon, 29 Jan 2018 00:00:00 +0530 Wed, 25 Mar 2020 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286248 The Court ruled in favor of the petitioner, a PanMasala manufacturer, in a case involving a delayed excise duty refund. The Court held that the petitioner was entitled to interest on the refunded excise duty under Section 11BB of the Central Excise Act, based on a precedent set by a Division Bench in a previous case. The Court directed the Excise Officer to determine the interest amount within three months and quashed the order denying interest. The judgment emphasized the importance of precedent in interpreting legal provisions and affirmed the petitioner's right to claim interest on delayed refunds. Case-Laws Central Excise Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286248