https://www.taxtmi.com/caselaws?id=440442 The Court held that interest on delayed refunds under the Central Excise Act, 1944 is payable from the date of making a formal application for refund as per Section 11B. The obligation to refund is contingent upon the submission of an application within the prescribed period. The Court clarified the disparity between refund of duty and pre-deposit, emphasizing the need for a formal refund application under Sections 11B and 11BB. Respondents were instructed to reassess interest payments, with interest due if refunds were delayed beyond three months from the application date. en-us Fri, 14 Jul 2023 00:00:00 +0530 Thu, 19 Feb 2026 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440442 The Court held that interest on delayed refunds under the Central Excise Act, 1944 is payable from the date of making a formal application for refund as per Section 11B. The obligation to refund is contingent upon the submission of an application within the prescribed period. The Court clarified the disparity between refund of duty and pre-deposit, emphasizing the need for a formal refund application under Sections 11B and 11BB. Respondents were instructed to reassess interest payments, with interest due if refunds were delayed beyond three months from the application date. Case-Laws Central Excise Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440442