https://www.taxtmi.com/caselaws?id=760742 Statutory interest was payable on a delayed excise refund where the refund claim was not granted within the prescribed three-month period from the date of application. The refund, though ultimately allowed in revision, attracted liability to pay interest under Section 11BB of the Central Excise Act, 1944 for the period of delay. The operative principle is that failure to release the refund within the statutory timeline triggers interest on the refunded amount for the delayed period. en-us Tue, 24 Sep 2024 00:00:00 +0530 Fri, 25 Oct 2024 12:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760742 Statutory interest was payable on a delayed excise refund where the refund claim was not granted within the prescribed three-month period from the date of application. The refund, though ultimately allowed in revision, attracted liability to pay interest under Section 11BB of the Central Excise Act, 1944 for the period of delay. The operative principle is that failure to release the refund within the statutory timeline triggers interest on the refunded amount for the delayed period. Case-Laws Central Excise Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760742