Supreme Court of India
Ranbaxy Laboratories Ltd. v. Union of India and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
What the Court ordered
In view of the above analysis, our answer to the question formulated in para (1) supra is that the liability of the B revenue to pay interest under Section 11 BB of the Act commences from the date of expiry of three months from the date of receipt of application for refund under Section 11 B(1) of the Act and not on the expiry of the said period from the date on which order of refund is made. c.
Judgment, page 15
From the headnote
Central Excise Act, 1944: s.11BB - Interest on delayed refund - Liability of revenue to pay interest u/s. 11 BB - Held: Commences from the date of expiry of three months from the date of receipt of application for refund and not from the expiry of the said period from the date on which order of refund is made- Circular no.67016112002-CX dated 1.10.2002. Interpretation of statutes: Fiscal legislation - Held: Has 0 to be construed strictly and one has to look merely at what is said in the relevant provision; there is nothing to be read in; nothing to be implied and there is no room for any
Authorities it was built on
Where later benches applied it
- 2016 M/s. Casio India Co. Pvt. Ltd. v. State of Haryana
- 2015 M.P. Steel Corporation v. Commissioner of Central Excise
Of those, 1 referred to · 1 not applicable
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