Interest on Delayed Refund Payable Three Months from Refund Application Date, Not from Commissioner (Appeals) Order: CESTAT

The CESTAT ruled that interest on delayed refunds is payable three months from the date of the refund application, not from the Commissioner Appeals' order date. The case clarified how interest should be calculated for taxpayers seeking refunds of excess taxes paid. The tribunal's decision aims to reduce the uncertainty for taxpayers who face delays in receiving refunds. By setting the timeline for interest payments from the refund application date, the ruling ensures that taxpayers are compensated fairly for delays, ensuring a more equitable process for those seeking relief under tax laws.