https://www.taxtmi.com/caselaws?id=51657 Statutory interest under Section 11AB of the Central Excise Act, 1944 was held not payable on a refund arising from non-utilisation of Modvat credit. The refund was treated as distinct from a refund of duty under the Section 11A machinery, and the credit scheme was regarded as having been framed under Section 37B. On that basis, the statutory foundation for interest was absent and provisions linked to Section 11A did not automatically apply to Modvat claims. The refund-related interest claim was therefore rejected. en-us Mon, 16 Sep 2002 00:00:00 +0530 Mon, 27 Sep 2010 13:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51657 Statutory interest under Section 11AB of the Central Excise Act, 1944 was held not payable on a refund arising from non-utilisation of Modvat credit. The refund was treated as distinct from a refund of duty under the Section 11A machinery, and the credit scheme was regarded as having been framed under Section 37B. On that basis, the statutory foundation for interest was absent and provisions linked to Section 11A did not automatically apply to Modvat claims. The refund-related interest claim was therefore rejected. Case-Laws Central Excise Mon, 16 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51657