2009 (11) TMI 385 - AT - Central Excise

Delay in refund- Interest- interest for delay in its refund. Tribunal allowing appeal of assessee in August, 2005 whereas pre-deposit amount refunded in December, 2005. Held that- assessee entitled to interest from expiry of three months from Tribunal order, as well as interest on interest also.

Summary

The Appellate Tribunal CESTAT, Chennai allowed the appeal of the appellants for interest on delayed refund of pre-deposit amount. The appellants are entitled to interest from the date of expiry of three months from the Tribunal's order. The plea for payment of interest on interest is also allowed based on relevant judgments. The appeal is allowed accordingly.