Belated refund of credit is also eligible for interest under sec. 11BB of Central Excise Act, rules

Central Excise : Belated grant of credit would be meaningless if assessee has moved out of Cenvat scheme in meantime; said credit/re-credit must be granted in cash and any belated refund would be eligible for interest under section 11BB read with section 11B of Central Excise Act, 1944