CESTAT Applies 6% Interest U/S 11BB Of Central Excise Act
The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has said that curiosity on delayed refund is statutorily mandated after 3 months below Part 11BB Of Central Excise Act. Part 11BB of the Central Excise Act, 1944 mandates that if a responsibility refund just isn’t processed inside three months from the…