Interest allowable on Cenvat Credit refund after expiry of 3 months from date of filing claim to date of claim

HCL Technologies Ltd. Vs Commissioner of Central Excise (CESTAT Allahabad) Conclusion: Interest for period after 3 months refund of 19 crores of cenvat credit was allowable after expiry of three months from the date of filing the claim to the date of claim. In the present case refund claim was filed on 27.12.2012 the period of three months will be over on 26.03.2013. They would be entitled to the interest for the period beyond 26 March, 2013 to the date of payment i.e. 21.05.2013, which was about 55 days. Held: In the present case assessee-company had filed a refund claim of Rs.19 Crores and r...