https://www.taxtmi.com/caselaws?id=456153 CESTAT Bangalore held that interest on delayed refund under Section 11BB of Central Excise Act, 1944 becomes payable after expiry of three months from filing of refund claim, not from sanction date. Following SC precedent in Ranbaxy Laboratories Ltd. v. Union of India, tribunal ruled that interest calculation commences three months post-application filing regardless of refund sanction timing. Appeal partly allowed, directing payment of interest amount Rs.11,83,454/- to appellant. Impugned order set aside. en-us Tue, 31 Jan 2023 00:00:00 +0530 Wed, 03 Jul 2024 19:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456153 CESTAT Bangalore held that interest on delayed refund under Section 11BB of Central Excise Act, 1944 becomes payable after expiry of three months from filing of refund claim, not from sanction date. Following SC precedent in Ranbaxy Laboratories Ltd. v. Union of India, tribunal ruled that interest calculation commences three months post-application filing regardless of refund sanction timing. Appeal partly allowed, directing payment of interest amount Rs.11,83,454/- to appellant. Impugned order set aside. Case-Laws Central Excise Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456153