https://www.taxtmi.com/caselaws?id=465123 Statutory interest was payable on a delayed excise refund where the refund had already been sanctioned and paid after the prescribed period. The Court applied Section 11BB of the Central Excise Act, 1944, read with Section 83 of the Finance Act, 1994, and held that delay beyond the statutory timeline triggered the right to interest. The respondent was left only to verify the quantum claimed and compute the interest in accordance with law. en-us Wed, 24 Apr 2024 00:00:00 +0530 Sun, 07 Dec 2025 20:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465123 Statutory interest was payable on a delayed excise refund where the refund had already been sanctioned and paid after the prescribed period. The Court applied Section 11BB of the Central Excise Act, 1944, read with Section 83 of the Finance Act, 1994, and held that delay beyond the statutory timeline triggered the right to interest. The respondent was left only to verify the quantum claimed and compute the interest in accordance with law. Case-Laws Central Excise Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465123