Section 11bb interest on delayed refunds

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Web26 Dec 2024 · The Hon’ble Karnataka High Court in M/s. Al Tisource Business Solutions Pvt. Ltd. v. Deputy Commissioner of Central Tax, GST Commissionerate, Bengaluru [Writ … Web29 Apr 2016 · Provisions relating to interest on delayed refunds [Section 11BB] : 1. Interest is payable to the assessee if the amount claimed as refund is not paid within three …

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WebCreating a unique profile web page containing interviews, posts, articles, as well as the cases you have appeared in, greatly enhances your digital presence on search engines such … Webwith two kinds of interest, viz. (i) equitable interest because of delayed refunds and (ii) statutory interest payable under Section 11BB of the Act. According to the learned … holly corp stock price

Interest on delayed refund – TaxDose.com

Web24 Aug 2024 · Section 11BB of the Act lays down that in case any duty paid is found refundable and if the duty is not refunded within a period of three months from the date of receipt of the application to be submitted under … WebSection – 35FF. 1[Interest on delayed refund of amount deposited under the proviso to section 35F. 35FF. Where an amount deposited by the appellant in pursuance of an order … WebSection 11BB, the pivotal provision, reads thus: "11BB. Interest on delayed refunds.- If any duty ordered to be refunded under sub- section (2) of section 11B to any applicant is not refunded within three months from the date of receipt of application under sub-section (1) of that section, there shall be paid to that applicant interest at such ... humble tx chevy dealer

Provisions relating to interest on delayed refunds [Section 11BB]

Relevant date to Pay Interest on delayed payment of Service Tax …

Web3 Jan 2024 · However, it failed to pay any interest on the delayed sanction of refund under section 11-BB of Central Excise Act, 1944 despite the refunds being sanctioned beyond … WebSingle integrated, end to end legal management suite for enterprise customers. Our platform has coverage across varied use cases including contracts, litigation, legal notices & … humble tx hotels and motelsWeb10 Sep 2004 · 11BB. Interest on delayed refunds. 11C. Power not to recover duty of excise not levied or shortlevied as a result of general practice. ... Hardware Technology Park or in a Software Technology Park other than a unit which pays excise duty levied under section 3 of the Excise Act read with serial numbers 3,5, 6 and 7 of notification No. 23/2003 ... holly coryell scheller

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Section 11bb interest on delayed refunds

SUPREME COURT REPORTS [2011] 13 (ADDL.) S.C.R. [2011] 13 …

WebIf any duty ordered to be refunded under sub-section (2) of section 11B to any applicant is not refunded within three months from the date of receipt of application under sub … Web25 Oct 2011 · Held: The liability of the revenue to pay interest under Section 11BB of the Act commences from the date of expiry of three months from the date of receipt of …

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WebSection 56 – Interest on delayed refunds. CGST ACT 2024. If any tax ordered to be refunded under sub-section (5) of section 54 to any applicant is not refunded within sixty days from … http://www.bareactslive.com/ACA/ACT1248.HTM?AspxAutoDetectCookieSupport=1

WebExcise - CESTAT Ahmedabad: No interest on the delayed refund - Provisions of Section 11BB would not govern the grant of refund claims arising on account... Web21 May 2024 · The section does not distinguish delay which is intentional and delay which is unintentional. Once there is delay in payment of refund within three months from the date …

http://www.eximguru.com/notifications/regarding-interest-on-delayed-refunds-15848.aspx WebSection 11BB providing for interest on delay in refund was introduced w.e.f. 26/05/95 and specific provision for interest for the period of delay in the refund of the amount of pre-deposit was introduced by inserting Section 35FF w.e.f. 10/05/08. Though during the period of dispute, there was no provision for interest for the period of delay in ...

Web2. One such provision relates to payment of interest to assessees (presently known as taxpayers/registered person) in the case of delayed refunds. The provisions relating to …

Web22 May 2024 · Once there is delay in payment of refund within three months from the date of receipt of application, rigour of section 11BB sets in and payment of interest on the … holly cottageWeb23 Feb 2015 · Dear Professional Colleague Interest on delayed refund is permissible from expiry of 3 months from the date of filing of Refund application and not from the dat. Site. … holly corporation tulsa refineryWebInterest: Delayed Refund under Notification No. 17/2009: Section 11BB applicable to Finance Act, 1994 by virtue of Section 83. STO 2013 CESTAT 51; Interest: Delayed refund … humble tx homeshttp://www.eximguru.com/exim/central-excise/central-excise-manual/chapter-9-refund.aspx humble tx housesWebSection 11BB in the Central Excise Act, 1944 1[11BB. Interest on delayed refunds.—If any duty ordered to be refunded under sub-section (2) of section 11B to any applicant is not … humble tx isdWeb16 May 2013 · If any duty/tax ordered to be refunded under section 11B(2) of Central Excise Act, 1944, to any applicant is not refunded within three months from the date of receipt of … humble tx is in what countyWeb19 Aug 2008 · Section 83 of the Finance Act, 1994 makes sections 11B and 11BB of Central Excise Act applicable to the service tax. Section 11B deals with claim for refund of duty … holly co school district