2016 (11) TMI 101

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....te, for appellant Shri V. K. Shastri, Assistant Commissioner (AR), for respondent ORDER Per Ramesh Nair The issue involved in the present case is the period for granting the interest on the refund already sanctioned. The appellant claimed interest from three months of the filing of their refund application till the sanction of the refund. The adjudicating authority rejected the claim o....

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....its that now it has been settled in various judgments that the interest under Section 11BB is payable from three months of the date of filing the refund application. She placed reliance on the following judgments:- (i) CCE vs. Ballarpur Industries Ltd. 2008 (229) ELT 498 (Bom.); (ii) Ranbaxy Laboratories Ltd. vs. UOI 2011 (273) ELT 3 (SC); (iii) UOI vs. Jindal Drugs Ltd.....

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....e carefully considered the submissions made by both sides. We find that the refund claim was filed by the appellant on 3.9.2001. It is because of the rejection of the refund claim, the matter had travelled upto the Tribunal and as per the Tribunal s order dated 27.9.2003, the department had sanctioned the refund on 19.1.2004. Though the refund was sanctioned as per the order of the Tribunal, but i....