Court Affirms Petitioners' Right to Interest on Delayed Central Excise Refunds, Overriding Administrative Interpretations.

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....Interest on delayed refund of Central Excise duty paid - Mere bald and omnibus submissions of the respondents that the petitioners are not entitled to interest on delayed refund on Excise Duty cannot be sustained - The Board’s Circular cannot alter the position and ascribe any contrary view which will be in conflict with the Judicial Pronouncements, - HC....