2013 (12) TMI 681

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..... cation under Section 11B(I) and not from the date of order of refund or appellate order allowing such refund - the refund has been asked for the period from 21.09.1992 to 17.9.2002 – but, the refund applications have been filed on 25.02.1991 which is prior to introduction of Section 11BB of the Central Excise Act, 1944- the provisions would start after three months from the date of assent of the .....

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..... pt of the order of the hon'ble Apex Court, therefore, interest is not payable. 2. Heard both sides. 3. In both the matters interests on delayed refunds have been asked by the appellants for the period from 21.09.1992 to 17.9.2002 on the refund of duty which was paid under protest by them. The issue has attained finality by the judgement of the Hon'ble Apex Court in the case of Ranbaxy Laborato .....

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..... ra after the judgement of the Hon'ble Apex Court in the case of Ranbaxy Laboratories Ltd. (supra). Hence, we are of the view that interest on the delayed refund is payable for the period from 25.08.1995 to 17.09.2002. 4. In view of the above, we direct the adjudicating authority to calculate the amount of interest and pay the same to the appellants within thirty days of the communication of this .....

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