2017 (10) TMI 1115

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.... DR ORDER Per S.K. Mohanty : This appeal is directed against the impugned order dated 30.06.2016 passed by the Commissioner (Appeals), Central Excise, Delhi. 2. The issue involved in this appeal for consideration is whether, interest on delayed refund is payable during the period between expiry of three months from the date of filing the refund application for the principal amount, til....

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....s i.e. beyond three months from the date of filing application, till its refund by the department. Feeling aggrieved with the impugned order, the appellant has filed the present appeal on the ground that the interest amount is required to be computed from the date of deposit of the principal amount by it . 4. The ld Advocate appearing for the appellant submits that the applicant is entitled for....

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....hus, he submits that since there is only delay of 25 days, the appellant is entitled for interest for such delay and will not be entitled for interest from the date of deposit of the disputed amount. In support of such stand, the ld DR has relied on the judgment of Hon'ble Supreme Court in the case of Union of India and Ors. Vs Shreeji Colour Chem Industries - (2008) 9. SCC 515 = 2008 (230) ELT 19....

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....appellant. I find that the issue with regard to computation of the period for payment of the interest amount is no more res Integra, in view of the judgment of Hon'ble Supreme Court in the case of Shreeji Colour Chem Industries (supra), wherein it has been ruled that payment of interest has to be made in accordance with Section 11BB ibid, from the date of expiry of three months from refund applica....