https://www.taxtmi.com/caselaws?id=758453 CESTAT Allahabad dismissed the appeal regarding interest on refunded amounts. The tribunal held that interest calculation must follow Section 11BB provisions, with the relevant date being three months from receipt of refund application, not from deposit date. Following SC precedent in Ranbaxy Laboratories Ltd., the tribunal found that since refund was processed within one month of application receipt, no interest was payable under either Section 11BB or Section 35FF of Central Excise Act, 1944. en-us Thu, 12 Sep 2024 00:00:00 +0530 Fri, 13 Sep 2024 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758453 CESTAT Allahabad dismissed the appeal regarding interest on refunded amounts. The tribunal held that interest calculation must follow Section 11BB provisions, with the relevant date being three months from receipt of refund application, not from deposit date. Following SC precedent in Ranbaxy Laboratories Ltd., the tribunal found that since refund was processed within one month of application receipt, no interest was payable under either Section 11BB or Section 35FF of Central Excise Act, 1944. Case-Laws Service Tax Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758453