Excise - 11. page

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 months of receipt […]

Monitoring and control for timely disposal of refunds : The Commissioner of Central Excise should devise appropriate control to ensure that the refund/rebate claims are expeditiously sanctioned within the time limit […]

Post audit : All refund claim papers should be sent by the Divisional Deputy/Assistant Commissioner to the Commissionerate Headquarters (to the Additional/Joint Commissioner–Audit) within a week after the payment thereof irrespective of […]

Payment of refund : Where the claim has been admitted whether in part or in full, and claimant is eligible for refund, the Deputy/Assistant Commissioner of Central Excise should ensure that […]

Presentation of refund claim : Any person, who deems himself entitled to a refund of any duties of excise or other dues, or has been informed by the department that a […]

Time-limit for making the application for refund of duty : 1. Under Section 11B, the application for refund has to be made within one year from the relevant date. 2. The […]

Assessment documents to show duty payment particulars : 1. Section 12A makes it obligatory on the person liable to pay duty to indicate on the invoice or like documents, the amount […]

Theory of unjust enrichment : Section 11B of the Central Excise Act, 1944 is perhaps the most important provision governing refunds. Explanation to section 11B defines the term “refund” to include […]

Interest on delayed refund : The Central Excise Act also provides for payment of interest on delayed payment of refund. As per section 11BB, if any duty ordered to be refunded […]

Refund of duty : Refund of any duty of excise and interest, if any, paid on such duty is governed by section 11B of the Central Excise Act, 1944. By definition, […]