https://www.taxtmi.com/caselaws?id=32598 The Appellate Tribunal CESTAT, Ahmedabad, allowed the appeal, granting the appellants the right to interest payment on the refunded amount of Rs. 1,66,720. The Tribunal held that interest should be calculated from the claim date of 7-1-2002, as validated by the Commissioner (Appeals) decision, rather than from the date of the order sanctioning the refund. This decision clarified the interpretation of Section 11BB of the Central Excise Act regarding the starting point for interest calculation on refunded duty amounts. en-us Thu, 13 Dec 2007 00:00:00 +0530 Mon, 16 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32598 The Appellate Tribunal CESTAT, Ahmedabad, allowed the appeal, granting the appellants the right to interest payment on the refunded amount of Rs. 1,66,720. The Tribunal held that interest should be calculated from the claim date of 7-1-2002, as validated by the Commissioner (Appeals) decision, rather than from the date of the order sanctioning the refund. This decision clarified the interpretation of Section 11BB of the Central Excise Act regarding the starting point for interest calculation on refunded duty amounts. Case-Laws Central Excise Thu, 13 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32598