https://www.taxtmi.com/caselaws?id=772643 CESTAT Mumbai dismissed the appeal challenging rejection of interest claim on refund amount. The appellant sought interest on refunded duty that was deposited during investigation. The Tribunal held that under Section 11BB of Central Excise Act, 1944, interest on delayed refunds is payable only when refund is not processed within three months of application filing. Since refund was sanctioned within two months, no interest was due. The Tribunal distinguished Sandvik Asia Ltd. case, noting it involved 17-18 years delay warranting compensation, unlike present case with no delay. Being a statutory tribunal, CESTAT cannot exercise powers beyond statutory provisions or grant interest where no legal provision exists for the relevant period. en-us Thu, 05 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772643 CESTAT Mumbai dismissed the appeal challenging rejection of interest claim on refund amount. The appellant sought interest on refunded duty that was deposited during investigation. The Tribunal held that under Section 11BB of Central Excise Act, 1944, interest on delayed refunds is payable only when refund is not processed within three months of application filing. Since refund was sanctioned within two months, no interest was due. The Tribunal distinguished Sandvik Asia Ltd. case, noting it involved 17-18 years delay warranting compensation, unlike present case with no delay. Being a statutory tribunal, CESTAT cannot exercise powers beyond statutory provisions or grant interest where no legal provision exists for the relevant period. Case-Laws Central Excise Thu, 05 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772643