197. Manner of payment of interest by the Commissioner for delayed payment of refund

(1) Where the Commissioner, or the Deputy Commissioner, if the power in this behalf is delegated to him under sub-section (4) of section 3, is satisfied that the Commissioner is required to pay interest under section 34, he shall, by an order in writing, direct the appropriate assessing authority to pay the dealer, who is entitled to payment of such interest, the amount of interest by issuing a Refund Adjustment Order or by making payment of the said amount in accordance with the second proviso to sub-rule (4) of rule 181.

(2) The assessment records along with the appellate or revision order referred to in section 34 which gives rise to the payment of interest by the Commissioner under that section shall be placed before the Commissioner or Deputy Commissioner for determination of the amount of interest payable to the dealer.