https://www.taxtmi.com/caselaws?id=441919 Interest on a refund arising from finalisation of annual capacity under the compounded levy regime was governed by Section 11BB of the Central Excise Act, 1944, because the refund remained within the statutory refund framework on these facts. Where duty ordered to be refunded under Section 11B is not paid within three months of receipt of the refund application, delayed-refund interest becomes payable under Section 11BB. The relevant starting point for computing that period was the date of the original refund application, and not a later event linked to finalisation of capacity. Interest was therefore payable only to that extent, and the assessee succeeded on the interest claim. en-us Fri, 18 Aug 2023 00:00:00 +0530 Mon, 21 Aug 2023 08:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441919 Interest on a refund arising from finalisation of annual capacity under the compounded levy regime was governed by Section 11BB of the Central Excise Act, 1944, because the refund remained within the statutory refund framework on these facts. Where duty ordered to be refunded under Section 11B is not paid within three months of receipt of the refund application, delayed-refund interest becomes payable under Section 11BB. The relevant starting point for computing that period was the date of the original refund application, and not a later event linked to finalisation of capacity. Interest was therefore payable only to that extent, and the assessee succeeded on the interest claim. Case-Laws Central Excise Fri, 18 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441919