Bombay High Court Allows Appeals on Interest on Refund Under Section 11BB of Central Excise Act, 1944 — Interest Payable from Expiry of Three Months from Date of Initial Refund Claim, Not from Date of Tribunal Order. The court followed the Supreme Court decision in Ranbaxy Laboratories Ltd. v. UoI, holding that the date of initial refund claim is the relevant date for computing interest under Section 11BB.
2 Dec 2022The appellant, Lavino Kapur Cotton Pvt. Ltd., filed four refund applications under Rule 5 of the CENVAT Credit Rules, 2004, for refund of duty amounti...
