Gauhati HC directs to Release Interest on delayed refund u/s 11BB of Excise Act To GAIL

The Gauhati High Court directed the release of interest on a delayed refund to GAIL under Section 11BB of the Central Excise Act. The court ruled that the company is entitled to interest for the delay in refunding excess duty paid, as per statutory provisions. This decision highlights the obligation of tax authorities to compensate taxpayers for delays in processing refunds, ensuring adherence to the law and protecting taxpayer interests.