https://www.taxtmi.com/caselaws?id=437486 The Supreme Court ruled that excise duty is not payable on intermediate products, leading to a refund claim by the respondent. The High Court directed the refund without interest, but the Commissioner (Appeals) ordered interest payment under Section 11BB of the Central Excise Act from the date of tax payment under protest. The Tribunal held that interest should be calculated from three months after the refund application dates, not from the date of tax deposit, as clarified in Ranbaxy Laboratories Ltd. The Revenue was directed to pay the interest within a month from the Tribunal's order receipt. en-us Mon, 27 Mar 2023 00:00:00 +0530 Mon, 08 May 2023 07:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437486 The Supreme Court ruled that excise duty is not payable on intermediate products, leading to a refund claim by the respondent. The High Court directed the refund without interest, but the Commissioner (Appeals) ordered interest payment under Section 11BB of the Central Excise Act from the date of tax payment under protest. The Tribunal held that interest should be calculated from three months after the refund application dates, not from the date of tax deposit, as clarified in Ranbaxy Laboratories Ltd. The Revenue was directed to pay the interest within a month from the Tribunal's order receipt. Case-Laws Central Excise Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437486