https://www.taxtmi.com/caselaws?id=760461 The CESTAT Mumbai ruled on a service tax refund case involving delayed sanction and interest claims. The tribunal rejected the main refund claim of Rs. 6,13,77,646 as it was filed beyond the statutory one-year limitation period under Section 11B of the Central Excise Act, 1944. However, the tribunal held that appellants were entitled to interest on delayed refund processing, computed from three months after filing the application until sanction, since the department exceeded the statutory timeframe. The matter was remanded to the original authority for interest quantification only. en-us Fri, 30 Aug 2024 00:00:00 +0530 Mon, 21 Oct 2024 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760461 The CESTAT Mumbai ruled on a service tax refund case involving delayed sanction and interest claims. The tribunal rejected the main refund claim of Rs. 6,13,77,646 as it was filed beyond the statutory one-year limitation period under Section 11B of the Central Excise Act, 1944. However, the tribunal held that appellants were entitled to interest on delayed refund processing, computed from three months after filing the application until sanction, since the department exceeded the statutory timeframe. The matter was remanded to the original authority for interest quantification only. Case-Laws Service Tax Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760461