2005 (4) TMI 422

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..... . [Order]. In this appeal filed by M/s. Mansinghka Oil Mills Ltd. the issue involved is whether interest on delayed payment of refund is available to them since 14-10-92 when the refund claim was filed or from 27-8-95 the date from which the Commissioner (Appeals) has allowed them the interest. 2.Heard Shri Vipul Raheja, learned Advocate and Shri Bipin Verma, learned D.R. The learned .....

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..... the President is not refunded within 3 months from the said date, interest shall be payable to the claimant from the date immediately after 3 months from such date till the date of refund of duty. It is thus apparent that the interest is payable, if the amount of refund is not granted within 3 months of the Finance Bill, 1995 receiving assent of the President. The Finance Bill, 1995 received the .....

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