https://www.taxtmi.com/caselaws?id=430700 The court held that interest on delayed refunds under Section 11BB of the Central Excise Act 1944 accrues from the expiry of three months from the refund application date, not from the date of the refund order. Relying on precedent, the court ruled in favor of the petitioner, directing the respondents to calculate and pay the interest amount of Rs.1,40,02,152 within eight weeks. The court emphasized the statutory duty to pay interest on delayed refunds, regardless of the refund order issuance without interest. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430700 The court held that interest on delayed refunds under Section 11BB of the Central Excise Act 1944 accrues from the expiry of three months from the refund application date, not from the date of the refund order. Relying on precedent, the court ruled in favor of the petitioner, directing the respondents to calculate and pay the interest amount of Rs.1,40,02,152 within eight weeks. The court emphasized the statutory duty to pay interest on delayed refunds, regardless of the refund order issuance without interest. Case-Laws Central Excise Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430700