https://www.taxtmi.com/caselaws?id=47812 Interest on delayed refund of Modvat credit was held not maintainable in writ jurisdiction for the period before Section 11BB of the Central Excise Act, 1944 came into force, because no statutory right supported the claim. For the post-commencement period, Section 11BB created a statutory entitlement to interest on delayed refund once the refund remained unpaid beyond the prescribed period. The refund claim remained subject to Section 11B procedure, and interest became payable at the notified rate until actual payment. The claim for earlier interest was rejected, while statutory interest for the later period was allowed. en-us Thu, 20 Apr 2006 00:00:00 +0530 Fri, 19 Jan 2018 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47812 Interest on delayed refund of Modvat credit was held not maintainable in writ jurisdiction for the period before Section 11BB of the Central Excise Act, 1944 came into force, because no statutory right supported the claim. For the post-commencement period, Section 11BB created a statutory entitlement to interest on delayed refund once the refund remained unpaid beyond the prescribed period. The refund claim remained subject to Section 11B procedure, and interest became payable at the notified rate until actual payment. The claim for earlier interest was rejected, while statutory interest for the later period was allowed. Case-Laws Central Excise Thu, 20 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47812