https://www.taxtmi.com/caselaws?id=757401 CESTAT Mumbai held that interest under section 11BB of Central Excise Act is payable on delayed refunds of unutilized cenvat credit under Rule 5 of Cenvat Credit Rules, 2004. The tribunal distinguished an adverse precedent and relied on consistent decisions including Gujarat HC judgment supporting interest payment. Interest is payable from three months after filing the first refund application. The refund of accumulated cenvat credit on export qualifies as duty refund eligible for interest under section 11BB. Appeal allowed. en-us Thu, 22 Aug 2024 00:00:00 +0530 Sat, 24 Aug 2024 09:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757401 CESTAT Mumbai held that interest under section 11BB of Central Excise Act is payable on delayed refunds of unutilized cenvat credit under Rule 5 of Cenvat Credit Rules, 2004. The tribunal distinguished an adverse precedent and relied on consistent decisions including Gujarat HC judgment supporting interest payment. Interest is payable from three months after filing the first refund application. The refund of accumulated cenvat credit on export qualifies as duty refund eligible for interest under section 11BB. Appeal allowed. Case-Laws Service Tax Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757401