2009 (1) TMI 696

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.... the Appellant. Shri Ramesh Nair, Advocate, for the Respondent. [Order per : Rakesh Kumar, Member (T)]. - This is an appeal filed by the Revenue against the impugned order-in-appeal dated 24th Sept., 2004 passed by the CCE (Appeals), Indore by which the Commissioner held that the respondents are eligible for interest on delayed payment of refund w.e.f. 26-8-1995. 2. Heard both the....

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....nd was sanctioned in 2004 i.e. long after the expiry of the stipulated period of 3 months from the dates of filing of the refund claims. The Section 11BB inserted w.e.f. 26-5-1995 is reproduced below :- "Section 11BB - Interest in delayed refunds. - If any duty ordered to be refunded under sub-section (2) of Section 11B to any applicant is not refunded within three months from the date of re....