M/S RANBAXY LABORATORIES LTD. vs UNION OF INDIA .

The Supreme Court addressed the commencement of the period for interest payment on delayed refunds under Section 11BB of the Central Excise Act, 1944. The Court held that the liability to pay interest begins from the expiry of three months from the date of receipt of the application for refund, not from the date of the refund order. The judgment reversed the High Court's decision affirming the revenue's denial of interest, thereby ruling in favor of the appellant's claim for interest under Section 11BB.