The appellant is eligible for interest on delayed refund from 22. ...

Appellant eligible for 12% interest on delayed refund from 3 months after claim filing.

January 10, 2025

Case Laws Service Tax AT

The appellant is eligible for interest on delayed refund from 22.02.2008 till the refund payment date, calculated at 12% per annum rate. CESTAT allowed the appeal, directing interest payment within 8 weeks from order communication. The relevant date for interest computation is 3 months from refund claim filing, not refund order date as per SC precedent in Ranbaxy case. Interest rate of 12% is based on Allahabad CESTAT's Parle Agro judgment interpreting Section 11BB.

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The appellant is eligible for interest on delayed refund from 22. ...

Appellant eligible for 12% interest on delayed refund from 3 months after claim filing.

January 10, 2025

Case Laws Service Tax AT

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