M/S Ranbaxy Laboratories Ltd vs Union Of India & Ors

The Supreme Court addressed the commencement of the interest payment period under Section 11BB of the Central Excise Act, 1944, determining that the liability to pay interest begins after three months from the date of the refund application, not from the date of the refund order. The Court held that the High Court's affirmation of the revenue's denial of interest was incorrect, thereby allowing the appeals of the assessee. The judgment clarifies the interpretation of Section 11BB regarding delayed refunds and interest entitlement.