CESTAT allows Interest on delayed Sanction of Refund Claim under Rule 5 of CCR

Capita India Pvt. Ltd. Vs Commissioner of Central Tax (CESTAT Mumbai)

Counsel for the appellant placed reliance on the decision of the Hon’ble Supreme Court in the matter of M/s. Ranbaxy Laboratories Ltd. Vs. UOI; 2011 (273) ELT 3 (SC) which, according to learned Counsel, has laid down that interest on delayed refund is payable under section 11BB ibid on the expiry of period of three months from the date of application. Learned Commissioner tried to distinguish the aforesaid judgement passed by the Hon’ble Supreme Court by observing tha

Please become a Premium member. If you are already a Premium member, login here to access the full content.