https://www.taxtmi.com/caselaws?id=431018 The Court held in favor of the Appellant in appeals concerning entitlement to interest under Section 11BB of the Central Excise Act. It clarified that interest on delayed refunds should be paid from the date of the refund application, not the refund order, in line with the Supreme Court's ruling in Ranbaxy Laboratories Ltd. v. Union of India. The Court emphasized that interest accrues if refunds are not issued within three months of the refund order, rejecting the initial denial of interest by the Customs, Excise and Service Tax Appellate Tribunal. en-us Fri, 02 Dec 2022 00:00:00 +0530 Fri, 21 Jul 2023 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431018 The Court held in favor of the Appellant in appeals concerning entitlement to interest under Section 11BB of the Central Excise Act. It clarified that interest on delayed refunds should be paid from the date of the refund application, not the refund order, in line with the Supreme Court's ruling in Ranbaxy Laboratories Ltd. v. Union of India. The Court emphasized that interest accrues if refunds are not issued within three months of the refund order, rejecting the initial denial of interest by the Customs, Excise and Service Tax Appellate Tribunal. Case-Laws Central Excise Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431018