https://www.taxtmi.com/caselaws?id=764417 CESTAT Kolkata allowed the appeal regarding interest on delayed refund. Following SC precedent in Ranbaxy Laboratories case, the tribunal held that interest liability under Section 11BB commences three months from refund application receipt date, not from refund order date. The appellant filed refund claim on 22.11.2007, making interest payable from 22.02.2008 until actual refund payment. Citing Allahabad Bench decision in Parle Agro case, interest rate was fixed at 12% per annum. Revenue directed to pay interest within eight weeks of order communication. en-us Tue, 07 Jan 2025 00:00:00 +0530 Fri, 10 Jan 2025 08:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764417 CESTAT Kolkata allowed the appeal regarding interest on delayed refund. Following SC precedent in Ranbaxy Laboratories case, the tribunal held that interest liability under Section 11BB commences three months from refund application receipt date, not from refund order date. The appellant filed refund claim on 22.11.2007, making interest payable from 22.02.2008 until actual refund payment. Citing Allahabad Bench decision in Parle Agro case, interest rate was fixed at 12% per annum. Revenue directed to pay interest within eight weeks of order communication. Case-Laws Service Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764417