https://www.taxtmi.com/caselaws?id=774771 CESTAT Allahabad dismissed the appeal regarding interest calculation on refund claims. The tribunal held that when statute prescribes interest rates, courts must follow statutory provisions rather than exercising discretionary powers. The appellant was entitled to interest on refunded amounts after dispute resolution, but interest under Section 11BB should be calculated from three months after refund application receipt, not from deposit date. The tribunal distinguished Supreme Court precedent in Dr. Poornima Advani case, noting it applied where no statutory provision existed for interest payment, unlike the present case where Sections 35FF and 11BB specifically governed interest calculations. en-us Fri, 11 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774771 CESTAT Allahabad dismissed the appeal regarding interest calculation on refund claims. The tribunal held that when statute prescribes interest rates, courts must follow statutory provisions rather than exercising discretionary powers. The appellant was entitled to interest on refunded amounts after dispute resolution, but interest under Section 11BB should be calculated from three months after refund application receipt, not from deposit date. The tribunal distinguished Supreme Court precedent in Dr. Poornima Advani case, noting it applied where no statutory provision existed for interest payment, unlike the present case where Sections 35FF and 11BB specifically governed interest calculations. Case-Laws Central Excise Fri, 11 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774771