2013 (12) TMI 681

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....dal The appellants are in appeals against the impugned orders wherein the interest on refund was denied on the premises that as the issued has attained finality vide order of the Hon'ble Apex Court dated 16.04.2002 wherein refunds were granted on 17.09.2002 which is within the ninety days of the receipt of the order of the hon'ble Apex Court, therefore, interest is not payable. 2. Heard both....

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.... which is prior to introduction of Section 11BB of the Central Excise Act, 1944. As per the first proviso to Section 11BB, the interest provisions would start after three months from the date of assent of the President in the Finance Bill 1994 i.e. w.e.f 26.5.1995. Therefore, the issue is no more res integra after the judgement of the Hon'ble Apex Court in the case of Ranbaxy Laboratories Ltd. (su....